Copper News Today, 21 July 2023: अधिकांश अलौह धातुओं की कीमतें शुक्रवार को बढ़ गईं, क्योंकि शीर्ष उपभोक्ता चीन में अधिकारियों द्वारा कुछ आर्थिक क्षेत्रों को बढ़ावा देने के उपाय जारी किए जाने के बाद व्यापारियों को मांग में सुधार की उम्मीद थी।
The global refined copper market is expected to be in a significant surplus in 2022, following a small supply deficit in 2021.
MCX Copper Short Term Tips: Copper rebounded from Wednesday’s slump, buoyed by expectations that demand will remain resilient in the face of possible tapering by the US Federal Reserve and China’s stepped-up efforts to jawbone prices lower.
Copper Prices Reports: Copper stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
Gold Silver Reports – India Brass, Copper Scrap Prices Show Uptrend; Copper Futures slightly down — India’s major brass and copper scrap commodities prices showed an uptrend on the Scrap Register Price Index as on Friday, while copper futures prices at India’s Multi Commodity Exchange settled down as the dollar rose after US jobs growth surged in January and wages rose, recording their largest annual gain in more than 8-1/2 years.
Gold Silver Reports – Copper Producers Switch to Provisional Pricing; Aim to Avoid Losses — In a major shift in strategy, downstream copper producers (manufacturers of wires, cables, pipes and tubes, etc.) have started fixing their product prices on provisional basis, a practice similar to primary metal producers.
Gold Silver Reports – Free MCX Nickel Tips, Above 845 Buy Every Dips Target 905—940 — Technically Nickel market is under long liquidation as market has witnessed drop in open interest by 32.11% to settled at 6764 while prices down 27.6 rupees.