India: Copper prices edge down
Domestic copper armature scrap prices edged down d-o-d to INR 732,000/t exy-Delhi. Prices on the LME remained rangebound at $9,330/t d-o-d. Secondary rod prices were at INR 780,000/t exw Delhi. Imported copper motor mix offers from the US were at $1,180-1,200/t; however, Talk demand seemed to be low currently, with offers at 52% of LME for material delivered on CFR USA West Coast basis.