The weekly indexes for domestic brass scrap grades rose in Delhi but dropped in Jamnagar as per the regional demand dynamics.
The LME three-month copper contract rose by $81/mt to $6,882/mt on Nov 10 from $6,801/mt prior Tuesday.
Market participants in Jamnagar and Delhi reported slow demand from the domestic sector. Chinese buyers revised their offers by $100/mt from 4,250/mt cfr China but manufactures refused to negotiate at $4,150/mt. However, no deals were confirmed at $4,250/mt
The weekly Davis Index for imported Honey brass Wednesday settled at Rs314,000/mt, up by Rs1,000/mt ($13.44/mt) from Rs313,000/mt del Delhi consumer. The weekly Index for Honey domestic origin (Purja) del Delhi consumer settled at Rs303,000/mt, up by Rs1,000/mt. Traders in Delhi reported very few trades over the past few days due to slow demand.
The weekly Davis Index for Honey domestic origin (Vilayati) del Jamnagar consumer settled at Rs306,667/mt, down by Rs2,833/mt. The weekly Davis Index for imported Honey settled at Rs322,667/mt del Jamnagar consumer, down by Rs1,083/mt.