India Brass, Copper Scrap prices remain flat in line with Copper Futures
MUMBAI (Scrap Register): India’s major brass and copper scrap commodities prices showed a flat trend on the Scrap Register Price Index as on Tuesday, in line with copper Futures prices at India’s Multi Commodity Exchange as the market kicked off 2019 trading amid concerns over growth in top metals consumer China as the latest data showed slowing factory activity.
India's major brass and copper scrap commodities prices including Brass Accessories, Brass huny Scrap, Brass Pales scrap, Brass Pallu scrap, Brass sheet cuttings, Brass Sheet scrap, Brass Shell 40mm, Brass utensil scrap, ACR Copper Coil 3/8, CC Rod LME ++, Copper armature, Copper cable scrap, Copper heavy scrap,Copper Mixed Scrap ,Copper cathod LME ++, Copper Pat, Copper shell 40mm, Copper Super D.Rod, Copper utensil scrap, Copper wire bars, Copper Wire Scrap, Electrolytic Copper strip 25mm showed a flat trend on the Scrap Register Price Index as on Tuesday.
The most active February copper contract on India's Multi Commodity Exchange almost flat at Rs. 407.70 per kilogram on Tuesday from previous close of Rs. 407.75 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 409.95 per kilogram and an intra-day low of Rs. 406.80 per kilogram during Tuesday.
China's factory activity contracted for the first time in 19 months in December as domestic and export orders continued to weaken, a private survey showed, pointing to a rocky start for the world's second-largest economy in 2019.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to firstname.lastname@example.org)