The weekly Davis Index for copper armature wire rose by R1,333/mt($18.10/mt) to Rs454,000/mt del India consumer. Market participants in central India reported thin trades as the three-month LME copper contract increased by $249/mt to $6,964.5/mt from prior Wednesday.
Market participants in North and South India reported sustained demand despite the spike in LME while in Central India, manufacturers delayed buying.
The weekly index for copper Berry rose by Rs6,667/mt to Rs476,667/mt from Rs470,000/mt del India consumer prior week.
The weekly Davis Index for heavy dropped by Rs1,000/mt and settled at Rs462,000/mtdel India consumer.
The weekly Davis Index for copper sheet cutting settled Rs460,000/mt, up by Rs3,333/mt from Rs456,667/mt del India consumer.
The weekly Davis Indexes for copper utensils settled at Rs432,000/mt del India consumer, up by Rs2,000/mt and for copper turnings settled at Rs427,000/mt del India consumer, up by Rs2,000/mt.