Thursday, 19 February 2015

Base Metals Commodity Market Update

Base Metals
On Wednesday, Base metals on the LME traded ,mixed as Greece will submit a proposal to the EU and Germany with regards to its loan agreement while slowdown in China has raised concerns over demand for the base metals pack.

Copper
LME Copper prices rose by 0.7 percent on Wednesday as bulls took advantage of Chinese investors being absent due to the week-long Lunar New Year holiday.

MCX copper prices rose by 1.5 percent and closed at Rs.359.5/kg in line with strength in international markets.

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