India: Copper prices edge down d-o-d on fall in futures

BigMint’s assessment of domestic copper armature scrap prices stood at INR 810,000/t exy-Delhi, down 1.2% d-o-d. Secondary CCR prices were at INR 850,000/t, down 1.2% d-o-d. Copper prices on the London Metal Exchange (LME) have fallen to $9,762/t, down 3.81% hitting its lowest in more than five weeks. Moreover, China is out for Dragon Boat festival, so there was no buying since Friday evening.