India: Copper prices drop d-o-d

Copper armature scrap prices in Delhi decreased today to INR 696,000/t exy. Primary copper rods prices fell by 0.9% to INR 800,000/t on less transactions in the domestc market today, despite a slight fall in LME futures by 0.52% to $8,857/t. Secondary rods prices fell to INR 750,000/t exw. However, prices are still on the higher side with some sellers expecting more price hikes in the near-term.


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