i Develop Stocks Advisory: How Aluminium, Copper, Lead, Nickel and Zinc prices are calculated in MCX

Friday, March 7, 2014

How Aluminium, Copper, Lead, Nickel and Zinc prices are calculated in MCX

Quoted Unit for base metals like Aluminium, Copper, Lead, Nickel and Zinc in London Metal Exchange (www.lme.com) is 1 metric ton. In mcx, it is quoted for 1 kilogram.
Price is dependent on:

International Price. You can get it from www.basemetals.com

USD to INR rate conversion. You can get it from www.xe.com

Quoted unit

Metric ton to kilogram conversion = 1 Metric ton = 1000 kilograms; 1 kilogram = 1/1000 of a metric ton

Supply and Demand in trading

How to calculate:
Calculation Formula for all metals mentioned above = (International Price) x (USD to INR rate conversion) / (Metric Ton to Kilogram Conversion) INR

Aluminum: (2132 x 45.8702) / 1000 = (97795)/1000 = 97.795 INR

Copper: (7670 x 45.8702) / 1000 = (35182.43)/1000 = 351.82 INR

Lead: (2191.5x 45.8702) / 1000 = (100524)/1000 = 100.52 INR

Nickel: (23255x 45.8702) / 1000 = (1066712)/1000 = 1066.71 INR

Zinc: (2132.5 x 45.8702) / 1000 = (978182)/1000 = 97.18 INR

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Economic Event Calendar

GMT+5:30	Event	Vol.	Actual	Consensus	Previous
Thursday, Jun 12
20:00	EIA Natural Gas Storage Change	1	109B	108B	122B
21:00	4-Week Bill Auction	1	4.08%		4.17%
21:30	USDA WASDE Report	1
22:30	30-Year Bond Auction	1	4.844%		4.819%
Friday, Jun 13
04:00	Business NZ PMI	2	47.5		53.3	Revised from 53.9
14:00	Consumer Inflation Expectations	2			3.4%
18:00	Manufacturing Sales (MoM)	1		-2.0%	-1.4%
18:00	Capacity Utilization	1		79.8%	79.8%
18:00	Wholesale Sales (MoM)	1		-0.9%	0.2%
19:30	UoM 5-year Consumer Inflation Expectation	2			4.2%

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Friday, March 7, 2014

How Aluminium, Copper, Lead, Nickel and Zinc prices are calculated in MCX

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