The weekly Davis Index for copper armature wire dropped to Rs445,333/mt($60.67/mt), down by Rs4,467/mt as Delhi traders reported a drop in demand for the copper scrap.
The weekly Davis Index for copper berry rose to Rs474,000/mt, up by Rs8,667/mt from Rs465,333/mt del India consumer prior week, in line with the spike in LME three-month copper contract.
The three-month LME copper contract rose to $6,751/mt Wednesday, up by $70/mt from $6,681/mt a week prior.
The weekly Davis Index for heavy settled at Rs457,333/mt, down by Rs11,667/my from Rs469,000/mt delivered India consumer.
The weekly Davis Index for copper sheet cutting dropped by Rs1,833/mt del India consumer to Rs455,667/mt. Traders reported weak demand in the downstream market.
The weekly Davis Index for copper utensils settled at Rs430,000/mt, up by Rs4,500/mt from Rs425,500/mt del India consumer. The weekly Davis Index for copper turnings settled at Rs42,000/mt del India consumer, up by Rs5,000/mt.
However, market participants in Western and Central India reported sustained demand.