Domestic copper prices rose by 1.1% today following MCX futures which marginally rose and was at INR 721,000/t d-o-d. Armature scrap prices stood at INR 677,000/t and secondary rods prices were at INR 720,000/t both ex-Delhi. Demand remained positive for finished material, and the reopening of the China market contributed to the upward movement of prices. Recent US talk offers indicated rates around 53.25-53.5% of LME prices.
