India: Copper scrap prices range-bound w-o-w; LME futures inch up

Domestic copper armature scrap prices were range-bound w-o-w but increased d-o-d to INR 794,000/t exy-Delhi. Secondary CCR rods were at INR 848,000/t exw-Delhi, up INR 4,000/t. US copper motors mix was heard traded at $1,170-1,190/t CIF Mundra. Additionally, Australian high-grade copper druid scrap was heard traded at 93.5% CIF Chennai. At the time of reporting, LME copper stood at $9,498/t up by 2% w-o-w.