India: Non ferrous prices remain range-bound amid low market momentum

Copper armature scrap prices in Delhi are assessed at INR 707,000/t, exw, as copper futures in LME remained rangebound at around $8,940/t-$8,950/t today, Similarly aluminium scrap prices too remained stable with tense at INR 161,000/t exy with LME futures hovering around $2,360/t. Sources believe that due to the ongoing festive season, there hasn’t been much activity, although a pick up in market activities is expected after the Holi holidays.


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