INDIA February 28 2017 4:19 PM
MUMBAI (Scrap Register): India's major brass and copper scrap prices dropped on Monday, while copper futures prices at India's Multi Commodity Exchange finished up as production stoppages at the world's two biggest mines lent support, though moves were muted as markets awaited further clues on US infrastructure spending from US President Donald Trump.
India's major brass and copper scrap commodities like brass shell 40mm, acr copper coil 3/8, cc rod lme ++, copper armature, copper cable scrap, copper cathod lme ++, copper heavy scrap, copper shell 40mm, copper utensil scrap and electrolytic copper strip 25mm showed down trend during the day.
The most active February copper contract on the India's Multi Commodity Exchange edged up by 0.33 percent to Rs. 395.30 per kilogram on Monday from previous close of Rs. 394 per kilogram. tures at MCX touched an intra-day high of Rs. 395.80 per kilogram and an intra-day low of Rs. 390.50 per kilogram during Monday.
Copper prices at London Metal Exchange hit its highest since May 2015 on February 13 on news of a strike at BHP Billiton's Escondida copper mine in Chile and a contractual dispute that halted operations at Freeport-McMora.