India: Copper prices edge down d-o-d

Domestic copper prices inched down today amid a negative trend in futures prices which fell to $8,496/t (down 0.90%). Armature scrap prices stood at INR 675,000/t. Secondary rods prices were at INR 715,000/t both ex-Delhi. MCX copper fell 0.90% to INR 726,000/t. However, demand seems positive for raw material to finish material. Around 24 t CC (99.99%) traded at INR 740,000/t ex Bhiwadi recently.