Copper Rate
(Expiry: 30-Sep-2024 | Exchange: MCX | Head: Base Metals)11.29AM IST | 07 Sep, 2024
- 781.2Per 1 KGS
- Change
-11 (-1.39%)
- Volume11622
- Open790.55
- Prv. Close792.20
- Spot790.90
Day's Trend
- Day:
- Contract:
- Average Price (Rs/1 KGS):790.0
- Open Interest (Contracts):12174
- Open Interest Change %:5.88%
- Best Buy Price (Rs/QTY):0.0/0
- Prem/Disc:
- Spread:
- Unit:KGS
- Lot Size:2500
- Tick Size:5
- Best Sell Price (Rs/QTY):0.0/0
COPPER News
Copper hits lowest in more than five weeks on firm dollar | News
10 Jun, 2024, 10.55 AM
London copper prices hit a five-week low due to a strong dollar and weak physical demand, affecting LME and SHFE markets.
Copper and aluminium prices at multi-year highs. Here’s why | News
27 Apr, 2024, 12.03 PM
Looking ahead, as prices are hovering near multi-year highs, there are chances of a technical correction, but such moves are unlikely to set into major liquidation. Since the supply-demand dynamics are supportive of prices, the ongoing positive sentiment will remain intact for the short run.
Copper price tops $10,000 for first time in two years | News
26 Apr, 2024, 01.11 PM
Copper prices rallied Friday above $10,000 per tonne for the first time in two years, propelled by soaring global demand and tight supplies. In early morning trade on the London Metal Exchange, the price of copper peaked at just over $10,028 per tonne, breaching the key level for the first time since April 2022. ode/rfj/jm
Metals whipsawed as US, UK sanctions on new Russian supplies rattle LME | News
16 Apr, 2024, 05.52 AM
But the sanctions will still reverberate through metals markets because of the LME's central position at the heart of the industry. Its prices are used as a benchmark and referenced in a huge number of contracts around the world, and many buyers view the ability to deliver on the LME as essential.
Metal traders see price rising after LME Russia ban | News
15 Apr, 2024, 06.24 AM
But there are disagreements about the broader impact of the move: Some argue that removing one of the largest producers from the market will drive prices higher, while others are focusing on the prospect of a flood of old Russian metal getting dumped onto the LME.
Why outlook for base metals continues to be neutral in 2024 | News
27 Jan, 2024, 02.19 PM
Copper ended the previous year with a gain of 2% while aluminium and lead prices lost 1% and 4%, respectively. In the meantime, zinc was the worst-performing metal in the group shedding more than 14% in the domestic market and 10% in the overseas market.
Why industrial commodity prices are under pressure | News
23 Sep, 2023, 02.36 PM
Going ahead, as the traditional demand drivers of industrial metals have stalled, the short-term price outlook remains under pressure. Though the new demand areas like the clean energy sector are on the cards, they are unlikely to boost prices in the immediate run.
How copper prices are getting affected by complex interplay of supply and demand | News
28 May, 2023, 05.25 PM
Copper prices have fallen over 8% on the back of lower-than-anticipated demand from China, which is the largest consumer of the metal, accounting for over 50% of global consumption. Copper had been rising at the start of the year on the expectation that China’s property market would strengthen, but disappointing economic releases have weighed on the price. The industry is considered a leading indicator of global economic health and is used widely in renewable energy technologies, electronics, vehicles, and electrical grids. The US Federal Reserve's policy measures also put a dampener on business sentiment.
Multiple month breakout seen in this base metal; should one go long? | News
28 Dec, 2022, 01.17 PM
Base metals are trading with mixed directions whereas this metal is standing strong and giving breakouts. This base metal prices are increasing due to a weaker US currency and low inventory and due to the rise in COVID-19 infections with China being the main consumer and a possibility of a cut in global production.
Robust domestic demand likely to insulate copper prices in 2023 | News
24 Dec, 2022, 12.11 PM
The aggressive policy measures of the US Federal Reserve dampened business moods across the world. Many global economies are suffering from extreme inflationary trends leading to higher prices and falling demand. A contraction in business activities lowered the prospects of the metal.
Hot/Cold Copper Contract
COPPER (MCX)
30 September 2024
COPPER Spot Rate Details
COPPER vs Other Base Metals
Trend
D | M | YCOPPER vs Peers (Intraday Range)
LowestHighest
-1.390.34
-1.39
COPPER vs Peers (Contract Range)
LowestHighest
-8.143.91
-8.14
COPPER (31-Oct-2024) vs COPPER Other Contracts
COPPER Contract Details (2024-09-30) Exchange: MCX
Symbol
COPPER
Contract Start Date
2024-05-01
Last Trading Date
2024-09-30
Lot Size
2500
Tick Size
5
Symbol Description
COPPER
Delivery Start Date
2024-09-24
Delivery End Date
2024-10-01
Symbol Info
COPPER
Tender Period Start Date
2024-09-24
Tender Period End Date
2024-09-30
Commodity Group
Base Metals
Name Of Underlying
Base Metals
Identifier of the Underlying
152
Instrument Identifier
432983
Instrument
FUTCOM
Expiry Date
2024-09-30
Price Quote Qty
KGS
Daily Price Percent
0.00
Near Month Instrument Identifier
-1
Far Month Instrument Identifier
-1
Trading Unit
KGS
Delivery Unit
KGS
COPPER Rate Historical Performance
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