The weekly Davis Index for imported Honey brass was flat at Rs296,000/mt del Delhi consumer, Wednesday, for the sixth week with no trades. Buyers stayed away from the imported scrap market with a looming uncertainty over the timeframe of the lockdown. Earlier, the Indian government had extended the lockdown from April 14 to May 3. A possibility of further extension cannot be denied.
The weekly Davis Index for Honey domestic origin (Purja) settled flat at Rs287,000/mt del Delhi consumer.
In Jamnagar, the weekly Davis Index for imported Honey brass settled unchanged at Rs290,000/mt. The weekly Davis Index for Honey domestic origin (Vilayati) settled at Rs275,000/mt del Jamnagar consumer, unchanged now for five weeks.
The three-month LME copper contract inched up by $140/mt to $5,169.5/mt on April 28, from the prior week.