India: Copper prices edge down d-o-d

Indian copper prices decreased today amid fall in LME futures. However, prices recovered by 0.62% even though the US banking crisis has created uncertainty. Copper armature scrap prices stood at INR 690,000/t exy Delhi, while secondary wire rods prices were at INR 740,000/t exw. Also, sellers remained cautious, although there are no concerns about scrap availability at the moment.


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