---
title: "MCX Copper: Tests 1330 support after 6.42% plunge"
description: "MCX Copper crashes 6.42% to ₹1331/kg. COMEX disconnect vs USD/INR at ₹95.70 signals demand-destruction repricing. Support at 1330–1325 now live."
date: "2026-05-29"
time: "07:46 pm"
edition: "hawk-scan"
commodity: "MCX Copper"
tags: ["MCX Copper", "MCX Silver", "MCX Crude", "MCX Gold"]
priceAtPublish: 1331
hawkTrigger: "price"
---
TRIGGER — MCX Copper collapsed 6.42% in a single session, breaching the 3% Hawk-Scan threshold and closing at ₹1331/kg against a 20-SMA of ₹1348.
PRICE — ₹1331.00/kg · ▼6.42% · PLUNGING
SIGNAL — Demand-destruction repricing driven by deteriorating China manufacturing PMI and global growth fears has overwhelmed the base metals complex, with COMEX copper holding a comparatively shallow -0.49% session loss, exposing a sharp INR-side premium unwind.
CROSS-ASSET — Silver is spiking +3.37% to ₹265,667 on safe-haven rotation while MCX Crude slides -2.52% to ₹8,400, confirming broad risk-off but precious-metal flight.
IMPORT COST — COMEX $6.39/lb × 2.2046 = $14.09/kg × ₹95.70 × 1.075 (BCD+GST multiplier) ≈ ₹1,449/kg MCX parity — spot is trading at a steep ₹118 discount to landed cost.
TECHNICAL — Immediate support cluster: 1330 → 1325 (20-day OHLC); a close below 1325 opens the monthly floor at 1302.
WATCH — 1325 on the next opening tick — a breach historically precedes accelerated selling toward the 1302 monthly low.