Indian copper prices remained supported d-o-d today amid an uptrend in futures which stood at $8,813/t at the reporting time. Prices of armature scrap stood at INR 694,000/t exy-Delhi and secondary wire rods at INR 738,000/t exw. Even though there is selling pressure in the finished copper market, prices are less likely to see a major drop amid record lower stocks in the LME-registered warehouses.
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