India: Copper prices rise d-o-d

  • Copper armature scrap, secondary rods prices in Delhi inched up by 0.4% today at INR 696,000/t exy and INR 748,000/t exw, respectively.
  • Market participants are still waiting with limited activities as LME copper futures are hovering between $8,870-$8,950/t from past few days. Mills have sufficient future bookings of the material in hand. Sources expect prices to go up in the near-term on positive demand outlook.

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