Copper, from complexity to confidence.
Cathode pricing, import parity, and hedge alignment in one view—so you manage high-value copper exposure with precision.
Indicative data — for illustration only
Plan rate (₹/kg)
1168.43
USD/INR
93.67
Daily change
-0.40%
Copper Overview
IndicativeLME Cash
$12,473.59
USD/MT
MCX Near
₹1168.4
/kg
USD/INR
93.67
FX
Day Range
$12,462.85–12,530.29
USD/MT
Derived forward curve in ₹/kg
Why copper is hard
Multi-exchange fragmentation
LME, MCX, COMEX, SHFE—four exchanges, four currencies, one procurement decision.
Cathode vs rod premiums
Grade A cathode and wire rod premiums move independently of LME cash.
FX drag at scale
At ~$9,000/MT, even small ₹ moves create large INR/kg swings on copper.
Import parity complexity
Duty structure, freight, and premium windows shift weekly for copper imports.
High-value exposure
Copper's price per MT is 3–4× aluminium; margin calls arrive faster and larger.
Working capital intensity
Large lot values tie up capital; without alerts, rollovers become expensive.
The old workflow
Check LME, MCX, COMEX, and SHFE for copper levels
Convert USD/MT to ₹/kg; factor in cathode premiums
Assess import parity: duty, freight, and regional premiums
Wait for supplier quotes under volatile price conditions
Verify MTM & margin calls across large copper positions
Reconcile spreadsheets; P&L alignment at month‑end
How Novaex changes this
Contract Picker
Map delivery to LME 3M prompt or MCX month; visualise carry across copper contracts.
Price Hygiene
LME to clean ₹/kg with cathode premium overlay and import parity calculation.
Supplier Signal Watch
Track HCL production, Sterlite/Vedanta import parity, and Birla Copper availability.
Hedge Windows
AI highlights optimal entry points for copper hedges across LME and MCX.
One‑tap RFQs
Send structured RFQs to cathode and rod suppliers; timestamped and audit‑ready.
Position Sync
Physical, hedges, and FX in one ledger; reconciled MTM across all copper positions.
Supplier Triggers
At‑a‑glance status for leading suppliers. (Sample data)
We never say "buy now." We frame: consider locking physical / layer hedge / hold & monitor.
Contract Picker
Indicative guide — select a delivery month to see which exchange prompt typically aligns. Not a trading recommendation.
For a May delivery, the indicative hedge prompt is May 3rd‑Wed on LME and May on MCX.
Carry impact ≈ ₹2.5–4.0/kg. FX sensitivity: ±0.5 in USD/INR ≈ ±₹4.7/kg.
Indicative only — actual contract selection depends on settlement dates, liquidity, and your broker. Consult your broker before placing trades.
Frequently Asked Questions
Ready to turn chaos into clarity?
See hedge windows early, align contracts, and keep P&L honest.
Analytics only. You remain the decision maker. Full policy in Terms.
Disclaimer: All prices, rates, and market data displayed on this page are indicative and provided for informational purposes only. They do not constitute investment advice, a solicitation, or a recommendation to buy, sell, or hold any commodity, security, or financial instrument. Aeonis Technology Private Limited (NOVAEX) makes no representation or warranty as to the accuracy, completeness, or timeliness of the information presented. Market data is sourced from third-party providers and may be delayed or differ from actual traded prices. Users should independently verify all data and consult qualified financial, legal, or tax advisors before making any trading or investment decisions. NOVAEX shall not be liable for any loss or damage arising from reliance on the information provided herein. Past performance is not indicative of future results. Use of this page is subject to our Terms of Service and Privacy Policy.