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Go long on MCX lead metal futures above ₹167 - The Hindu BusinessLine


Go long on MCX lead metal futures above ₹167
Akhil Nallamuthu
BL Research Bureau |
Updated on
April 15, 2021
 
The futures contract of lead on the Multi Commodity Exchange (MCX) has rallied continuously since June last year from about ₹130, which has acted as a strong support. Though the contract faced intermittent corrections in price, it recouped its strength and continued to travel upwards. But after registering a fresh one-year high of ₹181.3 in the final week of February, the contract reversed the trend. It dropped steeply and hit a low of ₹157.25, thereby losing a little over 13 per cent in two weeks.
However, the decline has been arrested and after ruling sideways for a few sessions, the bulls have started to gain an upper hand to gradually push the contract northwards. Therefore, the price action over the past month shows that the contract has been gradually building momentum. Supporting the positive bias, the price has moved above both ....

Multi Commodity Exchange , பல பண்டம் பரிமாற்றம் , வழி நடத்து ,

BIS standards wreak havoc in metal packaging industry - The Hindu BusinessLine


BIS standards wreak havoc in metal packaging industry
April 16, 2021
Foreign suppliers unable to get certification due to Covid-19 restrictions leading to raw material crunch
Metal packaging manufacturers are crying hoarse as the industry approaches the April 17 launch of official BIS standards on key raw materials tinplate and tin-free steel.
Foreign suppliers have not been able to obtain certification due to restrictions amid Covid-19, leading to a shortage of raw material in the import-dependent industry that has an annual turnover of ₹10,000 crore, according to Metal Container Manufacturers’ Association (MCMA) industry group.
Prices rise
Due to the shortage, domestic manufacturers JSW Steel and Tata Group’s Tinplate Company of India Ltd have jacked up prices, MCMA President Sanjay Bhatia told ....

Sanjay Bhatia , Tata Group Tinplate Company Of India Ltd , Metal Container Manufacturer Association , Tinplate Company , Bureau Of Indian Standards , Ministry Of Steel , Tata Group , India Ltd , Indian Standards , Nippon Steel , Tin Plate , Bis Certification , Metal Packaging , சஞ்சய் பாட்டியா , உலோகம் கொள்கலன் உற்பத்தியாளர் சங்கம் , டிந்‌ப்லேட் நிறுவனம் , பணியகம் ஆஃப் இந்தியன் தரநிலைகள் , அமைச்சகம் ஆஃப் எஃகு , டாடா குழு , இந்தியா லிமிடெட் , இந்தியன் தரநிலைகள் , நிப்பான் எஃகு , தகரம் தட்டு , பிஸ் சிஇஆர்டிஐஎஃப்ஐசிஏடிஐஓஎன் , உலோகம் ப்யாகேஜிஂக் ,