The domestic copper scrap prices for armature wire, berry, heavy, sheet cutting, turnings, and utensils climbed up this week due to subdued demand as uncertainties due to lockdowns kept buyers away from booking new orders.
The three-month LME copper contract gained by $369/mt to settle at $9,371.5/mt on April 21, from $9,002.5/mt on April 14.
The weekly Davis Index for copper Armature wire settled at Rs656,000/mt from Rs640,333/mt, up by Rs15,667/mt ($208.90/mt) del India consumer.
The weekly Indexes for copper Berry and copper Heavy gained by Rs16,000/mt ($213.30/mt) each, to settle at Rs675,333/mt and Rs667,667/mt del India consumer, respectively.
The weekly Davis Index for copper Sheet cutting settled Rs649,000/mt from Rs631,000/mt, up by Rs12,333/mt del India consumer.
The weekly Index for copper utensils settled at Rs630,333/mt, up by Rs6,333/mt while the Index for copper turnings settled at Rs616,111/mt, an increase of Rs2,778/mt.