The latest assessed range was $9,068–9,214/mt, compared with $9,017–9,161/mt previously.
The stronger copper benchmark did not translate into better terms for Indian exporters. Chinese buyers reduced indicative offers for Indian brass billets from 62.
Producers and traders said the revised offers were difficult to accept in standalone transactions. To manage price exposure and preserve margins, some shifted toward hedging and matched purchase-and-sale deals, in which buying and selling positions are arranged together.
Domestic Indian brass scrap prices also fell sharply during the week as availability remained ample and buying was limited.
In Delhi, Purja scrap dropped to ₹846,000/mt from ₹890,000/mt, and Honey scrap declined to ₹884,000/mt from ₹938,000/mt. In Jamnagar, Vilayati scrap fell to ₹860,000–865,000/mt from ₹895,000–900,000/mt, while Honey scrap eased to ₹920,000–925,000/mt from ₹940,000–945,000/mt.
The market had entered October with weaker demand conditions in China. Limited restocking and slow finished-product sales had already reduced buying interest in Indian billets.
The combination of higher copper prices, lower Chinese offer ratios and weaker Indian scrap demand left exporters cautious. The immediate pressure was concentrated in the gap between Chinese bids and the prices Indian sellers needed to maintain viable margins.