By Vibin Antony
India’s major brass and copper scrap commodities prices fell further on the Scrap Register Price Index as on Tuesday, tracking the weakness in Copper Futures prices at India’s Multi Commodity Exchange due to fresh concerns that a U.S.-China trade war was dampening global growth.
India's major brass and copper scrap commodities prices including Brass accessories, Brass huny Scrap, Brass utensil scrap, ACR copper coil 3/8 ,cc rod lme ++, copper armature, copper cable scrap, copper heavy scrap, copper mixed scrap, copper pat, copper shell 40mm, copper super d.rod, copper wire scrap and electrolytic copper strip 25mm declined on the Scrap Register Price Index as on Tuesday.
The most active November copper contract on India's Multi Commodity Exchange has declined by 2.39 percent to Rs. 434.70 per kilogram on Tuesday from previous close of Rs. 445.35 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 445.20 per kilogram and an intra-day low of Rs. 434.15 per kilogram during Tuesday.
Copper has been drifting lower during the past week and could be heading for its third weekly loss in a row, as slowing global GDP growth is registered in the third quarter, pressuring the outlook for industrial demand for the metal.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
India’s major brass and copper scrap commodities prices fell further on the Scrap Register Price Index as on Tuesday, tracking the weakness in Copper Futures prices at India’s Multi Commodity Exchange due to fresh concerns that a U.S.-China trade war was dampening global growth.
India's major brass and copper scrap commodities prices including Brass accessories, Brass huny Scrap, Brass utensil scrap, ACR copper coil 3/8 ,cc rod lme ++, copper armature, copper cable scrap, copper heavy scrap, copper mixed scrap, copper pat, copper shell 40mm, copper super d.rod, copper wire scrap and electrolytic copper strip 25mm declined on the Scrap Register Price Index as on Tuesday.
The most active November copper contract on India's Multi Commodity Exchange has declined by 2.39 percent to Rs. 434.70 per kilogram on Tuesday from previous close of Rs. 445.35 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 445.20 per kilogram and an intra-day low of Rs. 434.15 per kilogram during Tuesday.
Copper has been drifting lower during the past week and could be heading for its third weekly loss in a row, as slowing global GDP growth is registered in the third quarter, pressuring the outlook for industrial demand for the metal.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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