India Brass, Copper Scrap prices fall; Copper Futures gain 1.29 percent

By Vibin Antony
India’s major brass and copper scrap commodities prices gained on the Scrap Register Price Index as on Tuesday, tracking the uptrend in Copper Futures prices at India’s Multi Commodity Exchange mainly due to weaker dollar and confirmation that U.S.-China trade talks are still ongoing despite a recent diplomatic row over the arrest of a top executive of telecoms firm Huawei.

India's major brass and copper scrap commodities prices including brass accessories, brass shell 40m, acr copper coil 3/8, cc rod lme ++, copper armature, copper armature, copper cathod lme ++, copper heavy scrap, copper mixed scrap, copper pat, copper shell 40mm, copper super d.rod, copper wire scrap and electrolytic copper strip 25mm advanced on the Scrap Register Price Index as on Tuesday.

The most active February copper contract on India's Multi Commodity Exchange has gained by 1.29 percent to Rs. 446.20 per kilogram on Tuesday from previous close of Rs. 440.55 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 447.80 per kilogram and an intra-day low of Rs. 437.10 per kilogram during Tuesday.

China and the United States discussed the road map for the next stage of their trade talks on Tuesday, during a telephone call between Chinese Vice Premier Liu He and U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

US Scrap Gold prices continue to advance; Gold Futures fall to start the week

By Vibin Antony
United States scrap gold prices continued to advance on the Scrap Register Price Index as on Monday, while gold futures prices at New York Mercantile Exchange settled lower, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound.

The major gold scrap commodities prices including 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap, 22ct hallmarked gold scrap, 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap on the Scrap Register Price Index gained on Monday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices advanced by 0.164 percent to 452.996 an ounce, 706.674 an ounce, 905.992 an ounce and 1106.518 an ounce respectively.

The 9ct non-hallmarked gold scrap, 14ct non-hallmarked gold scrap, 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices gained to 428.478 an ounce, 668.426 ounce, 856.956 an ounce and 1046.630 an ounce respectively.

The February gold contract on the COMEX division of the New York Mercantile Exchange dropped by $3.20 to settle at $1,249.40 an ounce on Monday.

Gold notched its highest close since July on Friday as it logged its biggest weekly gain since August, all in the wake of market turmoil that sent stocks reeling and pressured Treasury yields and the U.S. dollar.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)