Tag: Copper price tracks strengthening exchange

India: Copper scrap prices rise d-o-d tracking hike in LME futures

Jan 23, 2023

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by

Tarun Naidu

in Copper

The Indian copper scrap market saw prices increasing by INR 9,000/t d-o-d today following the rising trend of LME futures. Armature scrap prices were recorded at INR 702,000-705,000/t exy-Delhi. The nearby market (Rajasthan) saw a rebound in prices, lending support to prices in Delhi. Trade channels are bullish on the near-term price outlook.