India Brass, Copper Scrap prices remain flat; Copper Futures advance 1.64 percent

NEW DELHI (Scrap Register): India's major brass and copper scrap prices remained flat on Tuesday, while from copper futures prices at India's Multi Commodity Exchange as hopes that US President Donald Trump would shift focus away from failed healthcare reform to economic stimulus lifted stocks and the dollar. 
India's major brass and copper scrap commodities like brass bharat accessories, brass chadripital desi, brass huny scrap, brass pales scrap, brass pallu scrap, brass radiator desi , brass radiator imported, brass sheet scrap,brass shell 40mm,brass utensil scrap, acr copper coil 3/8, cc rod lme ++, copper armature, copper cable scrap, copper cathod lme ++, copper heavy scrap, copper sheet cutting, copper shell 40mm, copper utensil scrap, copper wire bars and electrolytic copper strip 25mm showed a flat trend on Tuesday.
The most active April copper contract on the India's Multi Commodity Exchange settled down by 1.64 percent to Rs. 385.15 per kilogram on Monday from previous close of Rs. 378.95 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 385.60 per kilogram and an intra-day low of Rs. 377.35 per kilogram during Tuesday.
China's central bank said it would provide financial support to help manufacturers upgrade and modernize, including measures to increase the scope for insurance companies to invest in the manufacturing sector. Speculative long positions in copper were 6.6 percent of market open interest on Friday, down from a peak of 38 percent in mid-January.