Friday, 13 February 2015

Base Metals Prices & Analysis in Commodity Market

Aluminum closed on a positive note at $1841.5 MT, up by around 1.03% from its previous close.We saw no major shift in inventory which continues to fall at LME though contango for the commodity at LME has lowered a tad to $15.1.

Copper was the best performer yesterday, gaining around 2.5% and settled at $5740 MT. It should be noted that Cu was able to post gains despite the weak macro economic data from US in terms of retail sales which landed below the expected levels.

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