India: Domestic copper prices dip slightly d-o-d tracking futures

Domestic copper armature scrap prices fell d-o-d by 0.7% to INR 757,000/t exy-Delhi. Meanwhile, copper prices on the London Metal Exchange (LME) have decreased by 6% w-o-w to $9,240/t. Secondary copper rod prices were assessed at INR 805,000/t. Bids of imported copper motors mix from the US were at $1,100/t. However, offers were heard at $1,150-1,200/t CFR Mundra.


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