India: Copper prices witness marginal fall
Copper prices in the domestic market declined by 0.4% d-o-d. In Delhi, secondary rod and copper armature scrap were priced at INR 709,000/t and INR 660,000/t ex-works, respectively. LME futures remained almost stable at $8,549/t. A transaction of 10 tonnes of armature was reported at INR 660/kg ex-Delhi. Buyer activity is moderate, and there is bid-offer disparity for imported copper motor mix scrap of US origin, priced at $1,090-1,100/t CIF Mundra.