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»  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 :
                                             

 

   D

M

CC Rods 16mm 

260

260

CC Rods 19mm

300

300

Cathode (Cut) Ex- ICC

85

85

              Where : M=Monthly avg. CSP, D=Daily CSP 

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

        c) Multiplication Factor 1.0558
        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.  In case no option is selected, SBI TT Selling of Date of CSP or Average SBI TT Selling of W/FN/M as the case may be, shall be considered.

 

 
       e) Handling Charges :  Rs. 3000/- PMT
       f) Price Differential:  
           CC Rod 8mm Non Standard – Rs.400/-PMT lower than CC Rod 8mm
           Cathode (Cut) – Rs.1500/-PMT higher than Cathode (Full)
Note : Excise Duty, Sales Tax, Education Cess and such other taxes as may be applicable shall be charged to customers as per rules.

 
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