Indian copper prices remained stable d-o-d today after hitting a 7-month high level recently. Current prices-
- Armature scrap: INR 6,87,000/t.
- Secondary rods (8mm): INR 740,000/t
- Primary rods (8 mm): INR 800,000/t
- Prices are exw-Delhi.
A drop in LME futures by 1.3% d-o-d supported domestic prices. Meanwhile, buyers have slowed down bookings and opted for a wait-and-watch approach as futures remain volatile.
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