INDIA July 04 2017 6:42 PM
NEW DELHI (Scrap Register): India's major brass and copper scrap prices gained on the Scrap Register Price Index as on Monday, while copper futures prices at India's Multi Commodity Exchange settled lower on strong US dollar.
India's major brass and copper scrap commodities like brass pales scrap, brass sheet scrap, brass shell 40mm, acr copper coil 3/8, copper armature, copper cable scrap, copper shell 40mm and electrolytic copper strip 25mm declined on the Scrap Register Price Index as on Monday.
The most active June copper contract on the India's Multi Commodity Exchange settled higher by 0.26 percent to Rs. 387.75 per kilogram on Monday from previous close of Rs. 388.75 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 390.00 per kilogram and an intra-day low of Rs. 386.00 per kilogram during Monday.
China's manufacturing sector reversed into growth mode in June, expanding at the fastest pace in three months after unexpectedly contracting in May, as new orders and production rose.
Industrial metals were supported overall by data showing June factory activity and new orders growing at their fastest pace in three months. National Statistics Institute data showed Mexico’s copper output slid on a yearly basis in April.