India: Domestic copper prices increase d-o-d
Domestic copper armature scrap prices rose to INR 773,000/t d-o-d exy-Delhi as demand picked up ahead of the festive season, driven by the rising appetite for white goods. Copper armature scrap was heard at INR 767,000/t in Gujarat and traded at INR 772,000/t and INR 774,000/t ex-Delhi. Secondary rods were at INR 830,000/t exw-Delhi. LME prices hovered at around $9,912/t, up 3.8% w-o-w.