Gold Silver Reports – India Brass, Copper Scrap Prices Show Uptrend; Copper Futures slightly down — India’s major brass and copper scrap commodities prices showed an uptrend on the Scrap Register Price Index as on Friday, while copper futures prices at India’s Multi Commodity Exchange settled down as the dollar rose after US jobs growth surged in January and wages rose, recording their largest annual gain in more than 8-1/2 years.
India’s major brass and copper scrap commodities prices including brass huny scrap ,brass shell 40mm, acr copper coil 3/8, cc rod lme ++, copper armature, copper cable scrap, copper cathod lme ++,copper mixed scrap, copper pat, copper shell 40mm, copper super d.rod, copper wire scrap and electrolytic copper strip 25mm showed an uptrend on the Scrap Register Price Index as on Friday.
The most active February copper contract on India’s Multi Commodity Exchange down by 0.43 percent to Rs. 452.75 per kilogram on Friday from previous close of Rs. 454.70 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 460.70 per kilogram and an intra-day low of Rs. 450.00 per kilogram during Friday.
Read More: Copper Producers Switch to Provisional Pricing; Aim to Avoid Losses
Growth in China’s manufacturing sector remained elevated in January, a private survey showed, though it contrasted with an official survey pointing to a slight loss of momentum.
Asia’s factories got off to a strong start in 2018, with manufacturing activity in many countries hitting multi-year highs as global demand for hi-tech products remained strong. – Goldman Neal Bhai Reports
