By Vibin Antony
Indian copper scrap prices advanced on Tuesday in line with copper futures prices as investors booked fresh positions in the industrial metal after manufacturing in China rebounded into expansion territory in March.
As per Scrap Register Price Index, Indian Copper cables scrap, copper armiture, copper utensils scrap, copper wire bar and brass utensils scrap advanced by Rs. 3000 per ton each to Rs. 444, 000 per ton, Rs. 430,000 per ton , Rs. 408,000 per ton, Rs 464,000 per ton and Rs 320,000 per ton from previous closing level.
Indian copper scrap heavy, copper sheet cutting and brass sheet cutting moved up by Rs 2000 per ton each to Rs 438,000 per ton, Rs 425, 000 per ton, and Rs 328, 000 per ton.
As of 4:31 IST, The most active April copper contract on Multi Commodity Exchange last traded up by 1.04% to Rs. 377.95 per kilogram from previous close of Rs. 374.20 per kilogram. The MXC copper prices touched an intra-day high of Rs 380.45 per kilogram and an intra-day low of Rs 375.50 per kilogram.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
Indian copper scrap prices advanced on Tuesday in line with copper futures prices as investors booked fresh positions in the industrial metal after manufacturing in China rebounded into expansion territory in March.
As per Scrap Register Price Index, Indian Copper cables scrap, copper armiture, copper utensils scrap, copper wire bar and brass utensils scrap advanced by Rs. 3000 per ton each to Rs. 444, 000 per ton, Rs. 430,000 per ton , Rs. 408,000 per ton, Rs 464,000 per ton and Rs 320,000 per ton from previous closing level.
Indian copper scrap heavy, copper sheet cutting and brass sheet cutting moved up by Rs 2000 per ton each to Rs 438,000 per ton, Rs 425, 000 per ton, and Rs 328, 000 per ton.
As of 4:31 IST, The most active April copper contract on Multi Commodity Exchange last traded up by 1.04% to Rs. 377.95 per kilogram from previous close of Rs. 374.20 per kilogram. The MXC copper prices touched an intra-day high of Rs 380.45 per kilogram and an intra-day low of Rs 375.50 per kilogram.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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