The weekly indexes for the domestic brass scrap grades rose in del Jamnagar dropped in Delhi as per the regional demand for scrap.
The LME three-month copper contract rose by $189/mt to $7,071/mt on Nov 17 from $6,882/mt prior Tuesday.
The market participants in Jamnagar and Delhi reported slow demand from the domestic sector. Chinese buyers revised their offers by $75/mt to $4,325/mt cfr China level from the prior week. The manufactures had expressed unwillingness to strike a deal at $4,150-4,250/mt, the price offered by Chinese buyers in the earlier weeks.
The weekly Davis Index for Honey domestic origin (Vilayati) del Jamnagar consumer settled at Rs315,000/mt del Jamnagar consumer, up by Rs8,333/mt ($112.32/mt). The weekly Davis Index for imported Honey settled at Rs329,167/mt del Jamnagar consumer, up by Rs6,500/mt.
In Delhi, the weekly Davis Index for imported Honey brass Wednesday settled at Rs313,000/mt del consumer, down by Rs1,000/mt ($13.47/mt). The weekly Index for Honey domestic origin (Purja) del Delhi consumer settled unchanged at Rs303,000/mt . Traders in Delhi reported subdued trading on Wednesday due to slow demand.