INDIA July 19 2017 5:13 PM
NEW DELHI (Scrap Register): India's major brass and copper scrap prices remained flat on the Scrap Register Price Index as on Tuesday, while copper futures prices at India's Multi Commodity Exchange dipped on worries about supply shortages.
India's major brass and copper scrap commodities like brass accessories, 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, acr copper coil 3/8, copper armature, copper cable scrap, copper cathod lme ++, copper heavy scrap, copper mixed scrap, copper pat, copper sheet cutting, copper shell 40mm, copper super d.rod, copper utensil scrap, copper wire bars, copper wire scrap and electrolytic copper strip 25mm showed a flat trend on Tuesday.
The most active August copper contract on India's Multi Commodity Exchange has slightly down by 0.08 percent to Rs. 389.00 per kilogram on Tuesday from previous close of Rs. 389.30 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 389.65 per kilogram and an intra-day low of Rs. 386.65 per kilogram during Tuesday.
An earthquake with a magnitude of 6.4 struck off the coast of major copper producer Peru on Monday, the U.S. Geological Survey said. Peru's civil defence institute Indeci said there was no risk of a tsunami and no immediate damage.
Rio Tinto’s copper concentrate output declined 21% on a yearly basis to 208,900 tonnes (Cu content) in the first half of 2017 due mainly to the strike at Escondida copper mine, the company reported.