Market Survey on Copper - Indian Bureau of Mines

The comparison of copper prices is during 2003-04 and 2008-09 given in Table: 5.2.
Table: 5.2 - Comparative Study of Prices of Copper, during 2003-04 & 2008-09
(In Rs. per Quintal)
Sl. Commodity <strong>Market</strong> Prices Percentage increase/
No.
2003-04 2008-09
decrease
1. Wire Rod Mumbai 13,083 20,929 (+) 59.97
2. Wire Bar Mumbai 17,876 26,033 (+) 45.46
3. Birch Mumbai 11,000 NQ -
4. Red Berry Mumbai 11,900 NQ -
5. Cathode Mumbai 12,100 17,224 (+) 42.35
6. Utensil Scrap Mumbai 13,571 21,586 (+) 59.06
7. Wire Scrap Mumbai 11,000 21,333 (+) 93.94
8. Wire Rod Delhi 13,600 NQ -
9. Wire Bar Delhi 15,757 21,119 (+) 34.02
10. Wire Delhi 12,600 18,195 (+) 44.40
11. Wire Scrap Delhi 14,881 20,271 (+) 36.22
12. Mixed Scrap Delhi 13,440 23,010 (+)71.21
In the endeavour of this market survey study the consumers of copper in all
sectors were contacted through correspondence for data on various aspects including
prices.
5.2 INTERNATIONAL PRICES:
The prices of copper in the International <strong>Market</strong> were also on upsurge. The
reason for this upsurge is obviously the imbalance in demand supply scenario in the
overseas market. China, Japan and Germany were the main driving forces in
increasing the demand of copper in the overseas market. The London Metal
Exchange prices of copper (highest, lowest and average) are given in Table: 5.3 for
the last twenty years.
89