zinc copper turnover

MCX sees highest turnover in copper and zinc futures
Mumbai, November 9, 2006 : MCX has registered highest turnover in copper and zinc futures contracts on its platform on Wednesday (trading ended at 11.55 pm including session I and II). The total turnover of copper traded on the exchange was Rs 1,548.27 crores in terms of value and 47,223 tonnes in volume terms.On Wednesday, the copper prices (November contract) touched an intra day high of Rs 334.25 per kg and an intra-day low of Rs 322 per kg witnessing a range of Rs 12.25 per kg. Meanwhile, open interest in copper has gone up.On Tuesday, it was 17,985 tonnes (in terms of volume), while it went up on Wednesday touching 24,990 tonnes indicating growing interest among participants.Besides copper, zinc also witnessed a record turnover on MCX as it touched Rs 958.12 crores (in value terms), while the turnover in volume was 47,170 tonnes. The turnover of the base metal was the highest so far on MCX.The price of zinc (November contract) touched an intra day high of Rs 207.65 per kg, while the intra day low was Rs 197. The open interest level for the commodity on Wednesday was 7895 tonnes. Disclaimer: The information provided here is only for public information. The information provided here is not guaranteed for its accuracy or completeness. It is solely meant for information dissemination and knowledge sharing. Neither MCX nor its employees accept any liability, whatsoever, for any trading decision and loss incurred or airing from the use of this publication. MCX or any of its affiliates makes no warranties as to the accuracy of information, or results to be obtained from its use.