Copper on MCX settled down -0.02% at 453.75 prices dropped as traded book profit tracking Comex copper prices which weakened although the complex remains well supported due to positive Chinese and US data released over the past few weeks. China’s producer price index (PPI) in December rose 4.9% from the same month a year ago, higher than the expectation at 4.8%. China tightens restrictions on imports of foreign waste, Chinese metal recyclers and even smelters like Jiangxi Copper Co are increasingly looking to use Southeast Asian countries as an alternative location for the processing of copper scrap.
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