India: Copper prices remain range-bound d-o-d

Domestic copper prices remain range-bound today amid a negative trend in futures prices, which fell to $8,430/t (down 0.60%). Armature scrap prices stood at INR 673,000/t and secondary rods prices were at INR 713,000/t both ex-Delhi. MCX copper fell 0.87% to INR 726,000/t. However, demand remains positive for raw materials to finished material. 10-12 t copper armature scrap was heard traded at INR 673,000/t ex-Delhi.