Wednesday, 22 June,
After the free fall MS Ingot market traded in a narrow range during yester session of trade, prices at physical markets saw lower prices during the day, whereas financial markets tried to gain during the last session.
Prices at Mandi Gobindgarh traded between Rs 30,950-30,800/MT during the day. Ghaziabad markets witnessed trade at Rs 30,500/600MT lower by Rs.200/MT. NCDEX future markets tried to gain the lost ground during the morning session at the last session of the day. Prices for July future contract opened at Rs.30,150/MT moved towards Rs.30,170/MT, made a low at Rs.29,870/MT & settling the day at Rs.30,040/MT.
July-August future contract witnessed spread moved in the range of Rs. 200-350/MT. Around 1240 tons of OI is added to the contract bringing cumulative OI close to 47,000 tons.
Currently, Ingot prices at Mandi Gobindgarh is trading at Rs. 31,000/MT (basic), Muzaffarnagar trading at Rs 33,700/MT (excise including), Mumbai is being quoted at Rs 28,900-/MT; Ghaziabad witnessed trades at Rs. 30,500-30,600/MT during the evening session yesterday.
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