India major Brass, Copper scrap prices decline; Copper Futures settle down at Rs. 319.75

Published: Aug 9, 2016 09:33

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Major Indian brass and copper scrap prices down on Friday in line with copper prices at India's Multi Commodity Exchange.

INDIA August 08 2016 4:05 PM

MUMBAI (Scrap Register): Major Indian brass and copper scrap prices down on Friday in line with copper prices at India's Multi Commodity Exchange amid mounting concern that economic stimulus planned around the world won’t be enough to push up demand.

The major brass and copper scrap commodities traded down on the Scrap Register Price Index as on Friday. The major brass and copper scrap commodities like brass accessories, brass sheet cuttings, brass sheet scrap, brass shell 40mm, ACR copper coil 3/8, cc rod lme ++, copper armature, copper cable scrap, copper cathod lme ++, copper heavy scrap, copper mixed scrap, copper pat, copper shell 40mm, copper super d.rod, copper wire scrap, electrolytic copper strip 25mm traded down on Friday.

However, the most active August copper contract on the India's Multi Commodity Exchange settled slightly down by 0.78% to Rs. 319.75 per kilogram on Friday from previous close of Rs. 322.25 per kilogram. Copper futures at MCX touched and intra-day high of Rs. 323.20 per kilogram and an intra-day low of Rs. 318.90 per kilogram during Friday.

In the US, the largest copper consumer after China, factory orders slid 1.5 percent in June, with durable goods orders slipping by the most since December.

Indian brass and copper scrap prices

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