High Grade Copper Jul '21 (HGN21)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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+0.2010 (+4.70%)since 06/28/21
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-0.0185 (-0.41%)since 04/28/21
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+1.5235 (+51.55%)since 07/28/20
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The uptrend may be expected to continue, while market is trading above support level 1749,63, which will be followed by reaching resistance level 1786,23
The second largest producer was the block of EU-27 countries, whose output recorded notable year-on-year decline by 9.2% to 117.1 Mt.
The prices of 6063 Extrusions held steady over the day.
In the Hallmarked category, the 14 carat gold scrap prices were down by $ 1.59 per Oz.
The Escondida copper mine in Chile was ranked top in the list.
Also, the country had become a net importer of steel between July and August this year, for the first time since fiscal 2019.
China’s copper scrap import growth is expected to decline in the fourth quarter due to volatility in exchange rates and price fluctuations, he said.
The dollar index (DXY00 ) on Friday fell by -0.08%. The dollar Friday gave up an early advance and fell slightly after T-note yields retreated. The dollar Friday initially moved higher on strength in...
Energy efficiency is a topic that continues to dominate industry conversations, as prices continue to skyrocket throughout Europe.
The move will help boost the domestic consumption of various grades of steel, he added.