India: Copper prices edge down d-o-d

  • Indian copper prices fell marginally d-o-d today despite an uptick in LME futures by 0.41% to $8,355/t.
  • Armature scrap prices are at INR 6,40,000/t exy-Delhi. Secondary and primary rods prices are at INR 690,000/t and INR 740,000/t exw (8 mm) respectively.
  • Copper prices declined as buyers retreated after being active for past few days. However, prices are still on the higher side.

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