- Indian copper prices saw an uptick following a rally in LME futures which rose to $8,820/t today, hitting more than a six-month high level.
- Armature scrap prices are at INR 6,55,000/t exy-Delhi. Secondary and primary rods (8 mm) prices are at INR 705,000/t and INR 760,000/t, respectively, on exw-Delhi basis.
- Near-term prices may stay supported as China’s reopening will boost demand recovery.
Leave a Reply