Friday, 6 February 2015

Commodity Market Base Metals News and Tips

Aluminum bounced back from the lows and closed on a positive note at $1885 MT, up by around 0.37% from its previous close. Fundamentally, there has been no change from the inventory side however LME Cash to 3M forward contnago squeezed down to $14, giving mixed cues for the metal.

Zinc closed on a positive note at $2144.5 MT, up by around 0.21% from its previous close. Fundamentally, there has been no major change in the metal. On the other hand we have Lead which was the only metal to close on negative side at $1848 MT, down by around 1.07% from its previous close.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment