04 Oct 2013 Last updated at 06:44:57 GMT
NEW DELHI (Scrap Monster) : Fall in Indian Rupee's value continued to affect Indian metal scrap price value leading to great decline in Copper and Aluminum Scrap prices on October 3rd Thursday on Scrap Monster Price Index.
Copper Armeture scrap price went down by INR 3,000 per Ton at 457,000 from the previous day index. The price of Copper Cable Scrap fell by INR 3,000 per Ton and the price of Copper Heavy Scrap dropped by the same INR 3,000 per Ton. A decline of INR 3,000 per ton was witnessed for Copper Sheet Cutting price. Copper Utensil Scrap prices saw a drastic drop when they fell by INR 2,000 per Ton. Compared to previous day index, Copper Wire Bars (HCL*) showed a decline by INR 3,000 per Ton.
Decline in Aluminum Scrap prices were also seen on index on Oct 3rd. Major decline occurred for Aluminum Ingots which fell by INR 1,000 per Ton at 144,000. The price of Aluminum Utensil Scrap also went down by INR 1,000 per Ton this week.
Drop of Brass Sheet Cutting price was also witnessed over the day, which fell by INR 2,000 per Ton. The price of Brass Utensil Scrap also went down by INR 2,000 per Ton.
Other metals like Lead, Nickel, Tin and Zinc also declined on index. Lead Ingot price fell by INR 1,000 per Ton and Nickel Cathode had a fall by INR 10,000 per Ton. When Tin Slab price edged down by INR 5,000 per Ton, the price of Zinc Slab fell by INR 2,000 per Ton.
Author: Paul Ploumis