Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The weekly Davis Index for copper armature wire settled unchanged at Rs394,000/mt ($5,233.42/mt) del India consumer on Thursday. No trades were reported since markets and downstream production remained shut following a nation-wide lockdown for 21-days until April 14. 


The index for Berry settled at Rs386,000/mt del India consumer on Thursday, unchanged from a week ago. The weekly index for domestic heavy settled at Rs383,000/mt del India consumer. The index for Copper sheet cutting remained flat at Rs377,500/mt del India consumer, unchanged from a week ago.


The index for copper turnings and copper utensils settled at Rs360,000/mt and Rs360,000/mt del India consumer, respectively, also flat. 

Traders stayed away from seaborne trades amid uncertainty in the market. Trades in the export markets are likely pick up after April 10, when traders from the UAE are likely to re-open for business. 



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