- Benchmark LME copper prices have fallen to $7,325/t levels yesterday, the lowest since late-Nov’20. While copper prices peaked in March, muted demand from China triggered the beginning of the price downtrend and spike in Covid cases added to its losses.
- SteelMint’s copper armature scrap prices fell 3% w-o-w INR 285,000/t exw-Delhi, while primary and secondary wire rod prices dropped by 4% to INR 640,000/t and 627,000/t exw-Delhi respectively.
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