By Vibin Antony
India's major copper scrap commodities traded down on Thursday followed by the red metal's down-trend in future market on Wednesday.
As per Scrap Register Price Index, the prices for major copper scrap commodities including copper armature, copper cable scrap, copper heavy scrap, copper sheet cutting, copper Super D.Rod, copper utensil scrap and copper wire bars traded down on Thursday.
MCX copper prices settled down on Wednesday, after the number of housing starts issues in the US fell sharply in February signalling weak housing market in US which reduced the demand outlook for the metal.
The most active April copper contract on Multi Commodity Exchange settled down by 1.17% to Rs. 368.95 on Wednesday.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
India's major copper scrap commodities traded down on Thursday followed by the red metal's down-trend in future market on Wednesday.
As per Scrap Register Price Index, the prices for major copper scrap commodities including copper armature, copper cable scrap, copper heavy scrap, copper sheet cutting, copper Super D.Rod, copper utensil scrap and copper wire bars traded down on Thursday.
MCX copper prices settled down on Wednesday, after the number of housing starts issues in the US fell sharply in February signalling weak housing market in US which reduced the demand outlook for the metal.
The most active April copper contract on Multi Commodity Exchange settled down by 1.17% to Rs. 368.95 on Wednesday.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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