Tag: copper market India outlook
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India: Copper prices decline w-o-w on weak demand, sellers offload scrap inventory
Gas shortage impacts downstream operations Rising domestic availability pressures scrap market Imported and domestic copper scrap prices in India declined w-o-w, as on 17 March, weighed down by weaker demand fundamentals and easing global cues from the London Metal Exchange (LME). Market participants reported increased spot availability as suppliers actively destocked inventories to maintain cash…