India: Copper prices continue to rise on futures rally

Domestic copper armature prices are assessed at INR 797,000/t exy-Delhi. Prices of secondary CCR rods (99%) are at INR 846,000/t ex Delhi, up by up to 0.7% d-o-d. Primary CC rods were at INR 890,000/t, as LME prices hit over $10,200/t mark, up by $100/t d-o-d. Additionally copper motors mix from UK was heard traded at $1,280-1,320/t to CIF Nhava Sheva recently. Australia copper cables high grade heard traded at 94% LME prices.