The Maharashtra Election on November 20th has caused MCX to alter the base metal index’s expiration date

The Multi Commodity Exchange (MCX), India’s largest commodity exchange, has revised the expiry date of its base metal index futures contract (MCXMETLDEX) due to the Maharashtra Legislative Assembly Election on November 20, 2024. Trading on MCX will only open for the evening session, and the contract will be available for trading until the revised expiry…

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Despite China’s Covid wave, copper continues to maintain steady

On Wednesday, copper prices stayed around $8,350 a tonne as expectations that China’s relaxation of Covid-19 limits will eventually boost demand were countered by an increase in infections that are short-terming consumption.Due to its rigorous zero-Covid policy, which hampered economic growth and caused copper prices to drop as low as $6,955 in July after reaching…

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Copper Slips in Worrying About Chinese Demand After Trade Data

Copper prices fell on Monday as investors feared weaker-than-expected trade data from top consumer China. China’s copper imports fell 8% in May over the previous month as higher prices further dampened buying interest, beating overall export growth analysts’ expectations. “When we receive data like this from China, it shows the risk that their rapid growth…

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