Wednesday, 18 February 2015

Base Metals Commodity Market Update

Base Metals
On Tuesday, Base metals on the LME traded lower on 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 declined by 1.6 percent and closed at Rs.354.3/kg in line with weak international markets.

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