Friday, 5 December 2014

Base Metals Daily Commodity Market Update

Base Metals
The base metals pack traded positive in yesterday’s session in reaction to the favorable services data from the Chinese economy.

Copper
Copper climbed on Thursday to its highest in nearly a week on dollar weakness dollar slid following uncertainty about potential stimulus in Europe and after a fire at a mine, though concerns about the outlook for demand from top consumer China limited gains.

On the MCX, prices gained around 1.3 percent taking cues from strong international markets and closed at Rs.403.9/kg on Thursday.

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