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

The weekly Davis Index for copper armature wire settled flat at Rs394,000/mt del India consumer on Thursday, unchanged for a fifth consecutive week. 

No trades were reported since markets and downstream production is shut due to the nation-wide lockdown until May 3. 

The index for Berry settled at Rs386,000/mt del India consumer on Thursday, again flat for the last five weeks due to the lockdown. 

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. 

Manufacturers are shying away from booking imported scrap and are taking the wait-and-watch approach as uncertainty looms over downstream industries resuming plants.

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

Manufacturers said that they will not book imported scrap unless the government lifts the lockdown.


($1= Rs76.12)

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