More Stories

Informist, Thursday, Jun. 25, 2026

By Reshma Ravi

MUMBAI – Futures contracts of copper on the Multi Commodity Exchange of India rose Thursday, tracking a rise in contracts on the London Metal Exchange. Copper prices also rose due to supply risks. Copper stocks at Shanghai Futures Exchange warehouses declined 23.6% last week, while inventories in LME warehouses fell further to 352,150 tonnes, with a significant portion earmarked for withdrawal, Kedia Advisory said in a note.

At 1600 IST, the dollar index, which measures the greenback's strength against a basket of six major currencies, was down 0.1% at 101.38. A weaker dollar makes dollar-denominated commodities, such as base metals, cheaper for holders of other currencies, aiding demand.

However, the gains in the COPPER price are likely to be capped due to expectations of US Federal Reserve interest rate hikes this year. At its latest policy meeting, the Fed left rates unchanged but signalled growing support for tighter monetary policy, while Chair Kevin Warsh reiterated his commitment to restoring price stability. "Base metals trading is currently dominated by Fed monetary policy," Bloomberg reported, quoting Gao Ying, an analyst with Shuohe Asset Management Co., as saying. "There are hardly any speculative long positions in base metals at the moment."

Meanwhile, the surplus in the global refined copper market widened to 239,000 tonnes in the first four months of 2026 from 47,000 tonnes in the corresponding period last year, according to a report by the International Copper Study Group.

At 1612 IST, on the MCX, the June futures contract of:

--ALUMINIUM was at INR 332.60 a kg, up 0.6%
--Copper was at INR 1,246.85 a kg, up 2%
–-LEAD was at INR 200.00 a kg, down 1%
–-ZINC was at INR 356.25 a kg, up 0.7%

The July futures contract of NICKEL was at INR 1,606.0 a kg, down 0.4%.

Trading levels for the day on the MCX:
--Aluminium contract seen at INR 330.00-INR 338.00

--Copper contract seen at INR 1,240.00-INR 1,300.00
--Lead contract seen at INR 199.00-INR 203.00

--Zinc contract seen at INR 350.00-INR 360.00

--Nickel contract seen at INR 1,590.00-INR 1,650.00

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.