India’s major brass and copper scrap commodities prices dropped on the Scrap Register Price Index as on Tuesday, tracking the weakness in Copper Futures prices at India’s Multi Commodity Exchange driven by a sell-off on share markets and sapped by uncertainty before a meeting of US and Chinese leaders.
India's major brass and copper scrap commodities prices including brass accessories, brass huny scrap, brass pales scrap, brass pallu scrap, brass utensil scrap, acr copper coil 3/8, cc rod lme ++, copper armature, copper cable scrap, copper cathod lme ++, copper shell 40mm and electrolytic copper strip 25mm declined on the Scrap Register Price Index as on Tuesday.
The most active November copper contract on India's Multi Commodity Exchange has declined by 1.30 percent to Rs. 435.60 per kilogram on Tuesday from previous close of Rs. 441.35 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 448.70 per kilogram and an intra-day low of Rs. 434.80 per kilogram during Tuesday.
U.S. President Donald Trump is expected to meet Chinese President Xi Jinping on the sidelines of the two-day G20 summit in Argentina, which begins on November 30.
(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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