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

Prices for domestic copper scrap, including armature wire, berry, heavy, sheet cutting, turnings gained, and utensils amid scarcity. Importers too had stayed away from bookings due to the fiscal year-end. The Indian Rupee depreciated by 1.52pc to Rs74.54 on Thursday from Rs73.42 in the prior week, making imports expensive.


The three-month LME copper contract gained by $129/mt $8,974.5/mt on April 7 from $8,845.5/mt on March 31.

The weekly Davis Index for copper armature wire settled at Rs638,667/mt delivered India consumer from Rs603,333/mt, up by Rs35,334/mt($474.03/mt).


The weekly index for copper berry gained Rs29,667/mt to Rs658,667/mt from Rs629,000/mt del India consumer.


The Davis Index for Copper heavy gained Rs31,333/mt ($420.31/mt) and settled at Rs650,000/mt del India consumer the prior week.

The weekly Davis Index for copper sheet cutting settled at Rs631,000/mt del India consumer from Rs596,667/mt, up by Rs34,333/mt del India consumer.


The weekly Davis Index for copper utensils settled at Rs605,000/mt from Rs567,333/mt delivered India consumer, up by Rs30,667/mt, and the weekly Davis Index for copper turnings settled at Rs615,333/mt from Rs574,333/mt del India consumer, up by Rs48,000/mt.



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