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Base Metals

Base Metals

MCX

21 Oct | 07:45AM
FUTURES PRICE

Commodity Outlook: How gold, base metals & crude may fare today

Gold was down 0.05 per cent while silver dipped 0.40 per cent. However, all base metals were trading with gains, led by zinc that rose 0.93 per cent. Crude oil was down 0.13 per cent and its peer natural gas plunged 4.66 per cent.

METLDEX to be first tradeable real-time base metals indices in country: MCX

METLDEX is based on the five base metals-- zinc, copper, nickel, lead and aluminium --which are traded on the MCX.

India bans import of ACs with refrigerants, frees export of all alcohol-based hand sanitisers

“Import policy of air conditioners with refrigerants…is amended from ‘free’ to ‘prohibited’,” the Directorate General of Foreign Trade (DGFT) said in a notification. India imported ACs worth $158.87 million in the April-July period with more than 97% ($154.85 million) coming in from China and Thailand.

Hiranandani GreenBase to invest Rs 750 crore to set up industrial, logistic park in Chennai

The industrial & logistics park in Oragadam’s Vadakkupattu locality envisages development of 2.8 million sq ft of built up area for companies looking to set up manufacturing and logistics units. The park will be set up on 115 acre and will be part of an over 400-acre mixed-use township project Hiranandani Parks.

Buy Ratnamani Metals, target price Rs 1320: ICICI Direct

Ratnamani Metals & Tubes Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 5981.18 Crore) operating in Metals - Ferrous sector.

Auto sales to register a double-digit growth in FY22 on a historically low base: ICRA

The coronavirus pandemic dragged automobile sales in India to historically low levels. After registering zero sales in April, the industry is yet to recover to monthly sales levels seen before the pandemic. FY21 sales are estimated to be decadal lows. ICRA predicts sales to increase by double-digits in FY22 given this year's substantially low base.

Commodity strategies: Gold, silver, crude, base metals

Crude oil prices are expected to trade under pressure as fading US stimulus hopes, demand growth worries and surge in virus cases will limit upside.

Base Metals Future Prices

Commodity
EXPIRY
PRICE(RS) / UNIT
CHANGE %
RANGE MONTH
OUTLOOK
27Nov2020
1168.0/ 1 KGS
1.54
1148.81173.0
  
29Jan2021
0.0/ 1 KGS
0.00
0.00.0
  
30Oct2020
150.7/ 1 KGS
0.07
150.1151.7
  
26Feb2021
0.0/ 1 KGS
0.00
0.00.0
  
30Oct2020
199.3/ 1 KGS
1.48
195.4199.95
  
29Jan2021
0.0/ 1 KGS
0.00
0.00.0
  
27Nov2020
194.5/ 1 KGS
0.65
192.1195.8
  
30SEP2020
195.5/ 1 KGS
1.57
197.0201.0
  
31Dec2020
1131.1/ 1 KGS
0.00
0.00.0
  
27Nov2020
533.4/ 1 KGS
0.69
528.7535.7
  
30SEP2020
524.5/ 1 KGS
1.44
525.0535.1
  
30SEP2020
1049.1/ 1 KGS
1.22
1051.11065.0
  
31Dec2020
526.0/ 1 KGS
0.00
0.00.0
  
30Oct2020
1167.9/ 1 KGS
1.96
1144.31170.8
  
30SEP2020
145.0/ 1 KGS
0.03
150.0150.0
  
29Jan2021
0.0/ 1 KGS
0.00
0.00.0
  
26Feb2021
0.0/ 1 KGS
0.00
0.00.0
  
26Feb2021
0.0/ 1 KGS
0.00
0.00.0
  
31Dec2020
140.9/ 1 KGS
0.00
0.00.0
  
30Oct2020
531.75/ 1 KGS
0.27
529.1533.8
  

Base Metals  Spot Details

Commodity
PLACE
PRICE(RS) / UNIT
RANGE MONTH
RANGE YEAR
PREM/DISC
Lead Mini
CHENNAI
141.6/ MT
0.00.0
141.6164.0
0.00
Sponge Iron
Raipur
17870.0/ MT
0.00.0
0.00.0
0.00
CHENNAI
152.5/ MT
147.9154.0
141.6164.0
4.50
Aluminium Mini
THANE
137.6/ MT
0.00.0
135.65147.9
0.00
THANE
1159.7/ KGS
1066.31146.3
877.41241.3
13.40
Tin
MUMBAI
1351.0/ KGS
1266.751344.0
1004.751360.5
1.50
Steel Ingot
Govindgarh
23580.0/ KGS
0.00.0
0.00.0
0.00
Steel Flat
Mumbai
32520.0/ KGS
0.00.0
0.00.0
0.00
THANE
157.0/ MT
145.25153.45
135.65153.45
3.55
Steel Long Ghaziabad
-
29530.0/ MT
0.00.0
0.00.0
0.00

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