Indian domestic copper prices decreased d-o-d today amid the fall in LME futures. Futures dropped to $8,830/t levels following the effect of silicon valley bank crises which has injected uncertainty in the market overnight. Copper armature scrap prices stood at INR 700,000/t exy-Delhi while secondary wire rods prices were at INR 750,000/t exw. Near-term prices are expected to remain range-bound.
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