Wait...

Online Export Import Data Search

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

Copper futures steady at Rs 527.45 per kg in evening trade.


Date: 25-09-2020
Subject: Copper futures steady at Rs 527.45 per kg in evening trade
Copper prices were steady at Rs 527.45 per kg on September 24 as participants increased their short position as seen by the open interest. The red metal traded lower tracking gains in the US dollar.

Copper prices weakened amid buildup in stocks at SHFE and decline in China’s import premium signalling easing demand, however, lower stocks at LME warehouse and widening of deficit in the physical market may cap the downside.

The US Dollar Index, measured against a basket of six currencies, was mildly up 0.07 percent to 94.51.

MCX iCOMDEX Base Metal Index edged lower 95.46 points, or 0.82 percent, at 11,511.34 at 18:06.

In the futures market, copper for September delivery touched an intraday high of Rs 528.75 and a low of Rs 524.10 per kg on the MCX. So far in the current series, the precious metal has touched a low of Rs 486 and a high of Rs 539.80.

Copper delivery for September contract fell by Rs 0.60, or 0.11 percent, to Rs 527.45 per kg at 18:00 hours with a business turnover of 1,261 lots. The same for October contract slipped 3.20, or 0.62 percent, to Rs 514.90 per kg with a turnover of 3,824 lots.

The value of September and October’s contracts traded so far is Rs 132.66 crore and Rs 839.05 crore, respectively.

MCX October Copper price is expected to trade negatively with resistance at Rs 519 and intermediate resistance at Rs 517 level, according to Motilal Oswal. The brokerage firm advised its clients to sell on rallies targeting lower support at Rs 513-511 zone.

At 1231 (GMT), the red metal price slipped 1.17 percent, quoting at $6,517 per tonne in London.

Source:-moneycontrol.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: 24-10-2020



Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper



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