4. Introduction
• Copper is everywhere – take a minute and look
around you, it’s in what you see and often in
what you don’t see. It’s behind the walls of your
home, in electrical and telephone wiring. It’s in
computers, refrigerators, microwaves and
automobiles.
• The average home today contains about 400
pounds of copper for electrical wiring, water
pipes and appliances, while the automobile you
drive contains about 50 pounds.
5. Copper Fact
• The Statue of Liberty contains 81.193 kgs of
copper. After one hundred years of enduring
biting sea winds, driving rains and the beating
sun, the copper skin of the Statue of Liberty not
only has grown more beautiful, it has remained
virtually intact.
6. Indian Scenario
• Indian Copper Industry is 300 years old.
• India’s production of refined copper.
• The Three Copper Indian companies.
• India’s consumption increased at an annual rate
of 6.3% to 540,000 MT in 2011, which
accounted for only 2.8% of the world copper
market.
7. Global Scenario
• Chile accounts for 34% of total world copper
mine production, USA, China, Australia and
Indonesia, together are responsible for 32%.
• Growth in refined copper usage in Aisa.
• Major refined copper exporting countries are
Chile, Zambia, Japan and Russia, and while
major refined copper importing countries are
China, USA, Germany and Italy.
8. Demand & supply
• In 2011, world mine production continued to
under perform and remained at 2010 level.
• On regional basis, refined copper production
increased in Africa(11%), Asia(6%) andEurope
(4.5%) but decreased in America (-3.5%)
9. Top Five
Producers Consumers
China China
Chile United States
Japan Germany
United States Japan
Russia South Korea
10. Factors influencing the
market
• Prices are fixed on the basis of:
– International Spot market
– Rupee v/s Dollar
• Economic events
• Government set trade policies
• Current economic position
14. Price calculation of copper
in MCX/NCDEX
• FORMULA = (International price)*(USD to INR
rate conversion)/(Metric ton to kilogram
conversion) INR
• For example:
• International price= 8017
• USD to INR= 54.47
• Where,
• 1 metric ton = 1000kgs
• Solution : (8017 * 54.47)/ 1000
• Answer= Rs. 436.68
18. Introduction
• The word "wax" usually refers to a variety of
organic substances that are solid at ambient
temperature but become free-flowing liquids at
slightly higher temperatures.
• Characteristically, they melt above 45°C .
• Wax is insoluble in water
19. Types of wax
Animal wax:
• White and yellow beeswax has been known for
over 2000 years, especially through its use in
the fine arts. References to wax prior to the
nineteenth century are probably to beeswax.
Beeswax is secreted by bees and is used to
construct the combs in which bees store their
honey. Removing the honey and melting the
comb in boiling water harvest the wax.
20. Plant wax
• The source of plant wax is the palm tree, whose
wax-producing stands grow almost exclusively
in the northeast section of Brazil. Plant wax
forms on the fronds of the palm, and is
removed by cutting the fronds, drying, and
mechanically removing the wax. Impurities are
removed from the wax by melting and filtering.
21. Petroleum wax
• Petroleum wax is also commonly known as
Paraffin wax.
• It is byproduct of crude oil.
• Millions of tons of paraffin waxes are produced
annually. They are used in foods (such as
chewing gum and cheese wrapping), in candles
and cosmetics, as non-stick and waterproofing
coatings and in polishes.
22. Why wax should be listed?
• Lubricate wood screws
• Seal cork on wine bottles
• Water proof thread
• Lubricate zippers
• Candle making
• Wax museums
• Wax stamps
23. Contract specifications
• Symbol WAX
• Contract Start Date 2012-07-02
• Last Trading Date 2013-03-01
• Lot Size 1MT
• Tick Size 50 Paisa per Kg.
• Symbol Description Wax
• Delivery Start Date 2013-03-01
• Delivery End Date 2013-03-05
• Symbol Info WAX EX
BHIWANDI
• Tender Period Start Date 2013-03-01
24. Contd…
Tender Period End Date 2013-03-02
Commodity Group Industrial
Name Of Underlying Crude Oil
Expiry Date 2013-02-28
Price Quote Unit KG
Price 15
Trading Unit MT
Trading Unit Factor 1000
Delivery Unit MT
