News and Events

India’s major copper scrap commodities prices gained on the Scrap Register Price Index as on Thursday, in line with copper futures prices at India's Multi Commodity Exchange tracking the up trend in Copper prices at London Metal Exchange. India's major brass and copper scrap commodities prices including cc rod lme ++, copper cathod lme ++, copper mixed scrap, opper pat, copper super d.rod and copper wire scrap showed an up trend on the Scrap Register Price Index as on Thursday. The most active June copper contract on India's Multi Commodity Exchange gained by 1.09 percent to Rs. 462.90 per kilogram on Thursday from previous close of Rs. 457.90 per kilogram. Copper Futures at MCX touched an intra-day high of Rs. 465.00 per kilogram and an intra-day low of Rs. 456.35 per kilogram during Thursday. Supporting metals prices was data showing China's producer inflation picked up for the first time in seven months in April, suggesting its industrial demand remains resilient even as trade tensions ratchet up with the United States.