India’s copper prices rise d-o-d on increase in futures market

Domestic copper prices rose by up to 0.7% today following MCX futures which rose 0.70% and was at INR 719,300/t d-o-d. LME prices rose by $88/t to $8,402/t d-o-d. Armature scrap prices stood at INR 675,000/t and secondary rods prices were at INR 715,000/t both ex-Delhi. Demand remained positive for finished material. 15 t copper CCR (99%) was heard traded at INR 715,000/t ex-Delhi.