Pricing Formula and Premium for Copper Products

Basic Price = [(LME price + Premium) X Multiplication Factor X Exchange Rate ] + Handling Charges 


Where :

a) LME Price : Daily LME CSP / Average LME CSP (for the period in case of average bookings)

b) Premium :

Product Premium
  D / M / RT PC FN / W
CC Rod 8mm (Std. & N Std.) 200 210 220
CC Rods 11 mm & 12.5 mm 230 240 250
CC Rods 16 mm 240 250 260
CC Rods 19.6 mm 260 270 280
Cathode (Full) 110 110 120
Cathode Cut 130 140 150

 Where : D=Daily CSP, M=Monthly avg. CSP, W=Weekly Avg. CSP, FN=Fortnightly avg. CSP, RT= Real Time, PC= Price Circular

*Note : Forward option is available only for CSP and not Average bookings


c) Multiplication Factor : 1.056


d) Exchange rate Options :

For Daily CSP Bookings :

SBI TT Selling Rate of Date of CSP (D)        OR

RBI Reference Rate of Date of CSP (D) + Re.0.20         OR

SBI TT Selling Rate of Date next to Date of CSP (D+1)         OR

RBI Reference Rate of Date next to Date of CSP (D+1) + Re.0.20


Note : Exchange rate of Previous working day in case of SBI/RBI holiday on date of CSP for CSP (D) option and Next working day in case of SBI/RBI holiday on date of CSP for CSP (D+1) option.

For Average CSP Bookings :

Average SBI TT Selling Rate of W/FN/M         OR

Average RBI Reference Rate of W/FN/M + Re.0.20


The customer shall select one particular Exchange Rate Option out of the above, at the time of submitting their booking in HCL website.


e) Handling Charges : Rs. 3300 PMT


f)  Price Differential :

CC Rod 8mm Non Standard – Rs.400/-PMT lower than CC Rod 8mm

Cathode (Cut)-Ex-ICC – Rs.1500/-PMT higher than Cathode (Full)


Note : Excise Duty, Sales Tax and such other taxes as may be applicable shall be charged to customers as per rules.