Tag: festival demand India

India: Copper scrap prices fall as weaker global sentiment weighs on market

Oct 21, 2026

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by

Aftab Khan

in Copper, Non Ferrous

PSIC-related port delays restrict imported scrap availability Festive restocking to support trading activity ahead of Diwali India’s copper scrap market showed bearish signals during the assessment week ended 21 October 2026. LME copper fell 1.08% w-o-w to $14,420.5/t from $14,578/t, while domestic copper armature scrap prices declined 1.6% to INR 1,325,000/t from INR 1,347,000/t in…