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Mcx Copper

INTRODUCTION

Copper (Cu) is malleable and ductile and an excellent conductor of heat and electricity. It is also corrosion resistant and antimicrobial. Copper is an important contributor to the national economies of mature, newly developed and developing countries. Copper is one of the most recycled of all metals, and its recyclability


commodity

FACTORS INFLUENCING THE MARKET

Indian copper prices reflect prevailing international spot market and the USD–INR exchange rates. = Commodity-specific events, such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), or industry restructuring—all affect the price of the metal. = Trade policies set by the government (implementation or suspension of taxes, penalties and quotas) affect supply as they regulate (restricting or encouraging) material flow. = Geopolitical events like change in governments, economic paradigms or armed conflicts can affect prices. = As societies develop, the demand for metals increases based on their current economic position, which could also be referred to as the ‘national economic growth factor’

Copper 1 Metric tone 1000 Rs0.05/tick Rs.50/tick Last day of the month 9 MT
per KG 250 30 kgs Rs.0.05/tick Rs.12.5/tick Last day of the month 9 MT

The Copper contracts that are available to trade on MCX Exchange following Lot Size

Contract Launch Calendar of Copper

Contract Launch Months Contract Expiry Months
July-17 February-18
September-17 April-18
December-17 June-18
March-18 August-18
May-18 November-18

Copper contract expiring on 30April 2018 is trading at Rs.436/- per Kg Lot size X price =1000 X436=436000 /-Span Margin calculated. The margins on Copper is roughly calculated 5% of Exchange Span required to trade this contracts at = 21,800/ Prices movement Rs =100/- Per lot.

Intraday trade using MIS, then the margin requirement is roughly 4.5%. Clearly, as you can margin under MIS 10 times - Just Rs.2180 *Cply.

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