Wait...
  1. Home >
  2. Export Import News >
  3. Import Duty >
  4. Copper eases on hit to economy, metals demand >
  5. Copper eases on hit to economy, metals demand

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Copper eases on hit to economy, metals demand.


Date: 27-03-2020
Subject: Copper eases on hit to economy, metals demand
London: Copper prices eased on Thursday as volatile markets and a hit to metals demand from the coronavirus pandemic eclipsed the boost from a massive US stimulus package. Benchmark copper on the London Metal Exchange (LME) had fallen 1.3 per cent to $4,829 a tonne by 1210 GMT. The metal, used as a gauge of economic health, has gained about 5 per cent over the last two sessions

The US Senate passed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic but it failed to rouse copper prices for long.

“So long as measures to contain the virus remain in place across much of the globe, there is nothing that policymakers can do to reverse the falls in copper prices,” said Capital Economics assistant commodities economist Kieran Clancy.

“That stimulus will only start to feed into stronger copper demand further down the line, once such measures are lifted.”

China’s refined copper cathode imports rose 7.9 per cent to 585,001 tonnes, from a year earlier, in the first two months of 2020, according to Reuters calculations based on data released by the General Administration of Customs.

Mainland China reported no new locally transmitted cases of coronavirus for the sixth time in eight days but imported cases rose as Beijing ramped up controls to prevent a resurgence of infections.

Top copper miner Codelco said it would suspend construction of some projects including the Chuquicamata mine in a bid to halt the virus from spreading.

Source:- economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 01-06-2020
Notification No. 08/2015-2020-DGFT
Amendment in Export Policy of Alcohol based Hand Sanitizers

Date: 01-06-2020
Public Notice No. 07/2015-2020
Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

Date: 01-06-2020
Public Notice No. 09/2015-2020
Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

Date: 01-06-2020
Trade Notice No. 13/2020-21-DGFT
Implementation of MoU between India and Mozambique for import of pigeon peas and other pulses grown in Mozambique during 2020-21

Date: 01-06-2020
Instruction No. 08/2020-Customs
24x7 Customs Clearance at all the Customs Stations - reg

Date: 29-05-2020
Circular No. 26/2020-Customs
Review of Circular No. 17/2020 dated 03.04.2020 namely, 'Measures to facilitate trade during the lockdown period- section 143 AA of the Customs Act, 1962'

Date: 29-05-2020
Notification No. 48/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 28-05-2020
Notification No. 07/2015-2020
Amendment in Export Policy of Paracetamol API

Date: 28-05-2020
Instruction No. 7/2020- Customs
Special drive for disposal of applications for fixation of Brand Rate of Duty Drawback.

Date: 27-05-2020
Notification No. 9/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of 'Electronic Calculators of all types excluding calculators with attached printers, commonly referred to as printing calculators; calculators with ability to plot charts and graphs, commonly referred to as graphing calculators; programmable calculators',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR and in supersession of the notification No. 24/2015- Customs (ADD), dated the 29th May, 2015.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001