India: Copper prices rebound on supportive futures

  • Copper market saw established prices today amid a positive LME futures by 0.75% to $8,354/t at the time of publishing this report.
  • Copper armature scrap prices are at INR 6,32,000/t exy-Delhi. Secondary and primary rods prices are at INR 680,000/t and INR 742,000/t exw-Delhi (8 mm).
  • Traders said: “Currently the local market is short of material. Moreover, sellers are not eager to quote lower offers.”

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