India Brass, Copper Scrap prices decline in line with weak Copper Futures

By Vibin Antony

India’s major brass and copper scrap commodities prices declined on the Scrap Register Price Index as on Thursday, tracking the weakness in Copper Futures prices at India’s Multi Commodity Exchange mainly due to festering Sino-US trade tensions stoking worries over the outlook for global economic growth.

India's major brass and copper scrap commodities prices including brass accessories, brass huny scrap, acr copper coil 3/8, copper armature, copper cable scrap, copper shell 40mm and electrolytic copper strip 25mm fell on the Scrap Register Price Index as on Thursday.

The most active November copper contract on India's Multi Commodity Exchange has dropped by 0.41 percent to Rs. 436.75 per kilogram on Thursday from previous close of Rs. 438.55 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 439.70 per kilogram and an intra-day low of Rs. 434.35 per kilogram during Thursday.

Trade conflict and higher interest rates are slowing the international economy, though there are no signs of a sharp downturn for now, said the Organisation for Economic Cooperation and Development.

The United States and China clashed on Wednesday at a World Trade Organisation meeting, with a US envoy accusing Beijing of using the WTO to pause “non-market” policies and a Chinese official saying it was Washington that was flouting the rulebook.

(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 advances; Gold Futures hit best in two weeks

By Vibin Antony

United States scrap gold prices advanced on the Scrap Register Price Index as on Wednesday, while gold futures prices at New York Mercantile Exchange at their highest in two weeks and gaining week-to-date, on the back of some weakness in the dollar.

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 Wednesday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices gained by 0.26 percent to 445.994 an ounce, 695.750 an ounce, 891.988 an ounce and 1089.414 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 advanced to 421.855 an ounce, 658.094 ounce, 843.710 an ounce and 1030.451 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange advanced by $6.80 to settle at $1,228 an ounce on Wednesday, trading roughly 0.4% higher week-to-date. It settled at the highest for a most-active contract since November 07.

(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 gain; Gold Futures fall as Dollar strengthens

By Vibin Antony

United States scrap gold prices gained on the Scrap Register Price Index as on Tuesday, while gold futures prices at New York Mercantile Exchange settled lower as the U.S. dollar strengthened against most of its currency rivals.

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 Tuesday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices gained by 0.11 percent to 444.8667 an ounce, 693.991 an ounce, 889.732 an ounce and 1086.660 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 advanced to 420.788 an ounce, 656.430 ounce, 841.577 an ounce and 1027.846 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange rose by $4.10 to settle at $1,221.20 an ounce on Tuesday after tapping a high near $1,230.

(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 Brass, Copper Scrap prices slide in line with MCX Copper

By Vibin Antony

India’s major brass and copper scrap commodities prices dropped on the Scrap Register Price Index as on Tuesday, tracking the weakness in Copper Futures prices at India’s Multi Commodity Exchange driven by a sell-off on share markets and sapped by uncertainty before a meeting of US and Chinese leaders.

India's major brass and copper scrap commodities prices including brass accessories, brass huny scrap, brass pales scrap, brass pallu scrap, brass utensil scrap, acr copper coil 3/8, cc rod lme ++, copper armature, copper cable scrap, copper cathod lme ++, copper shell 40mm 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 1.30 percent to Rs. 435.60 per kilogram on Tuesday from previous close of Rs. 441.35 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 448.70 per kilogram and an intra-day low of Rs. 434.80 per kilogram during Tuesday.

U.S. President Donald Trump is expected to meet Chinese President Xi Jinping on the sidelines of the two-day G20 summit in Argentina, which begins on November 30.

(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 fall; Gold Futures hit more than one-week high

By Vibin Antony

United States scrap gold prices fell on the Scrap Register Price Index as on Monday, while gold futures prices at New York Mercantile Exchange settled at a more than one-week high, with geopolitical uncertainty helping the precious metal tally a fourth straight session gain.

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 dropped on Monday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices fell by 0.65 percent to 444.357 an ounce, 693.197 an ounce, 888.714 an ounce and 1085.416 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 declined to 420.307 an ounce, 655.6798 ounce, 840.613 an ounce and 1026.669 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange rose by $2.30 to settle at $1,225.30 an ounce on Monday, the highest finish for a most-active contract since November 07.

(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 Brass, Copper Scrap prices advance further; Copper Futures up

By Vibin Antony

India’s major brass and copper scrap commodities prices gained further on the Scrap Register Price Index as on Monday, tracking the uptrend in Copper Futures prices at India’s Multi Commodity Exchange, with hopes of a resolution to the US-China trade war outweighing the threat of higher U.S. tariffs on Chinese goods.

India's major brass and copper scrap commodities prices including brass sheet scrap, brass shell 40mm, cc rod lme ++, copper armature, copper cable scrap, copper cathod lme ++, copper shell 40mm and electrolytic copper strip 25mm advanced on the Scrap Register Price Index as on Monday.

The most active November copper contract on India's Multi Commodity Exchange has advanced by 1.43 percent to Rs. 441.35 per kilogram on Monday from previous close of Rs. 442.90 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 443.00 per kilogram and an intra-day low of Rs. 438.00 per kilogram during Monday.

U.S. President Donald Trump last week said China was willing to take steps to resolve the prolonged US-China trade conflict, but Vice President Mike Pence said on Saturday that the United States might double its tariffs unless Beijing bows to U.S. demands.

(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 gain in line with COMEX Gold

By Vibin Antony
United States scrap gold prices gained on the Scrap Register Price Index as on Friday, tracking the uptrend in gold futures prices at New York Mercantile Exchange mainly due to geopolitical turmoil and broader equity market weakness.

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 advanced on Friday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices gained by 0.88 percent to 444.648 an ounce, 693.651 an ounce, 889.296 an ounce and 1086.127 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 advanced to 420.582 an ounce, 656.108 ounce, 841.164 an ounce and 1027.342 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange gained by $8 to settle at $1,223 an ounce on Friday and a 1.2% gain for the week.

The yellow metal found a haven-related lift from geopolitical worries surrounding Britain’s planned exit from the European Union.

(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 Brass, Copper Scrap prices gain; Copper Futures up 1.43 percent

By Vibin Antony
India’s major brass and copper scrap commodities prices gained on the Scrap Register Price Index as on Friday, tracking the uptrend in Copper Futures prices at India’s Multi Commodity Exchange as signs of supply tightness supported prices, but worries about the outcome of the U.S.-China trade dispute limited gains.

India's major brass and copper scrap commodities prices including brass huny scrap, brass utensil scrap, acr copper coil 3/8, cc rod lme ++, copper cathod lme ++, copper heavy scrap, copper mixed scrap, copper pat, copper super d.rod, copper utensil scrap and copper wire scrap climbed on the Scrap Register Price Index as on Friday.

The most active November copper contract on India's Multi Commodity Exchange has advanced by 1.43 percent to Rs. 442.90 per kilogram on Friday from previous close of Rs. 436.65 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 444.20 per kilogram and an intra-day low of Rs. 434.15 per kilogram during Friday.

Prices rallied after news that Chinese smelter Jiangxi Copper and miner Antofagasta had agreed lower treatment and refining charges for 2019, said ING analyst Warren Patterson.
(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 Brass, Copper Scrap prices fall; Copper Futures down 1.78 percent

By Vibin Antony
India’s major brass and copper scrap commodities prices fell on the Scrap Register Price Index as on Friday, tracking the weakness in Copper Futures prices at India’s Multi Commodity Exchange led by a worsening commodities slump that has punished materials across the board.

India's major brass and copper scrap commodities prices including brass accessories, brass huny scrap, brass pales scrap, brass pallu scrap, brass sheet scrap, copper mixed scrap, copper pat, copper super d.rod and copper wire scrap declined on the Scrap Register Price Index as on Friday.

The most active November copper contract on India's Multi Commodity Exchange has fell by 1.78 percent to Rs. 431.25 per kilogram on Friday from previous close of Rs. 439.05 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 438.20 per kilogram and an intra-day low of Rs. 429.70 per kilogram during Friday.

A recent slump in oil prices has also hurt metals, as some investors trade both energy commodities and materials in a single basket.

Concerns over global trade tensions also remained in focus amid doubts over the potential for a trade deal between the U.S. and China. The U.S. Federal Reserve kept interest rates steady but reaffirmed its monetary tightening stance, setting the stage for a rate hike in December.

The Fed held interest rates steady on Thursday but remained on track to keep gradually tightening borrowing costs, as it pointed to a healthy economy that was marred only by a dip in the growth of business investment.

(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 Brass, Copper Scrap prices drop in line with Copper Futures

By Vibin Antony
India’s major brass and copper scrap commodities prices dropped on the Scrap Register Price Index as on Thursday, tracking the weakness in Copper Futures prices at India’s Multi Commodity Exchange as the dollar extended its recovery after U.S. midterm elections and data showed copper imports by top buyer China fell in October.

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 dropped on the Scrap Register Price Index as on Thursday.

The most active November copper contract on India's Multi Commodity Exchange has declined by 0.79 percent to Rs. 439.05 per kilogram on Thursday from previous close of Rs. 442.55 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 440.50 per kilogram and an intra-day low of Rs. 433.65 per kilogram during Thursday.

China consumes nearly half the world's copper and data showed its imports of the metal in October fell 19 percent from September. Still, analysts were not too downbeat about copper's prospects.

(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 Brass, Copper Scrap prices gain in line with MCX Copper

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By Vibin Antony
India’s major brass and copper scrap commodities prices gained on the Scrap Register Price Index as on Friday, tracking the up trend in Copper Futures prices at India’s Multi Commodity Exchange, after the presidents of the United States and China both expressed optimism about resolving a trade row between the two countries.

India's major brass and copper scrap commodities prices including brass accessories, brass huny scrap, copper cathod lme ++, copper heavy scrap, copper mixed scrap, copper super d.rod, copper utensil scrap and copper wire scrap gained on the Scrap Register Price Index as on Friday.

The most active November copper contract on India's Multi Commodity Exchange has advanced by 2.38 percent to Rs. 451.25 per kilogram on Friday from previous close of Rs. 440.75 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 452.70 per kilogram and an intra-day low of Rs. 437.30 per kilogram during Friday.

Copper, considered an economic bellwether, has been weighed down this year by fears the U.S.-China trade row will curb demand for industrial metals.

U.S. President Donald Trump wants to reach an agreement with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month.

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