Monday, 16 February 2015

Base Metals Commodity Market Update

Base Metals
Base metals on the LME (except Copper) traded on a negative note owing to concerns over Greece’s sustainability in the Euro area after caution over a deadlock in talks between Greece and its international creditors. Also, slowdown in China, as indicated by a string of weak data from the biggest consumer acted as a negative factor. 

MCX copper prices rose by 0.8 percent and closed at Rs.357.3/kg in line with strength in the international markets.

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