Domestic copper prices rose by up to 4.9% today amid strong demand and bullish sentiments. Armature scrap touched INR 815,000/t and secondary rods INR 870,000/t ex-Delhi. LME 3-month futures were at $9,852/t, up 3% w-o-w fuelled by positive manufacturing activity signs in the US and China. The domestic market aligned with futures. Price for motor mix scrap from the US to India were at around $1,240- 1,250/t.
