India: Copper prices edge up d-o-d

Copper armature scrap prices in Delhi rise to INR 696,000/t exy today. Primary copper rods prices up marginally by 0.3% to INR 787,000/t on moderate transactions in the domestic market. LME futures increased by 0.73% d-o-d to $8,866/t supporting local prices. Scrap demand, seemed increasing, however sources said that there is an uncertainty in the market. They expect prices to remain rangebound in the near term.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *