Weak trends in India copper scrap prices
Metal Recycling News | 2011-10-10 02:14:13
Scrap metal prices in Indian markets have witnessed a downward trend on weak demand and tracking base metals prices in LME and MCX, trade sources said.
By Paul Ploumis
MUMBAI (Scrap Monster): Weak trends were visible in copper scrap prices in Indian markets on Saturday due to weak demand and taking cues from weaker London Metal Exchange (LME) and India's Multi-Commodity Exchange for base metals. Copper cable scrap prices fell from Rs 424,000 to Rs 421,000 per tonne while copper wire bars fell from Rs 452,000 to Rs 449,000 per tonne.
The following are the prices released by Bombay Metal Exchange on Saturday (all figures in Indian Rupee per tonne)
Metals Current Price Previous
Copper Wire Bars 449,000 452,000
Aluminium Ingots 128,000 128,000
Zinc Slab 121,000 120,000
Lead Ingot 114,000 114,000
Tin Slab 1,290,000 1,290,000
Nickel Cathode 1,120,000 1,115,000
Scrap prices
Copper Cable Scrap 421,000 424,000
Copper Heavy Scrap 415,000 417,000
Copper Armeture 409,000 409,000
Copper Utensil Scrap 3,87,000 3,89,000
Copper Sheet Cutting 402,000 403,000
Brass Utensil Scrap 287,000 292,000
Brass Sheet Cutting 296,000 302,000
Aluminium Utensil Scrap 105,000 105,000
