The weekly Davis Index for copper armature wire settled flat at Rs394,000/mt del India consumer on Thursday, unchanged for a fifth consecutive week.
No trades were reported since markets and downstream production is shut due to the nation-wide lockdown until May 3.
The index for Berry settled at Rs386,000/mt del India consumer on Thursday, again flat for the last five weeks due to the lockdown.
The weekly index for domestic heavy settled at Rs383,000/mt del India consumer.
The index for copper sheet cutting remained flat at Rs377,500/mt del India consumer.
Manufacturers are shying away from booking imported scrap and are taking the wait-and-watch approach as uncertainty looms over downstream industries resuming plants.
The index for copper turnings and copper utensils settled at Rs360,000/mt and Rs360,000/mt del India consumer, respectively, also flat.
Manufacturers said that they will not book imported scrap unless the government lifts the lockdown.