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’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)
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