Wednesday, 27 May 2015

Daily Metals News and Update

Base Metals
Base metals on the LME apart from Lead and Zinc were trading lower yesterday owing to strength in the DX. Also, rise in risk aversion in the markets due to uncertainty over Greece kept the investors away from metals space.

Copper was the biggest loser yesterday with price decline of 0.9 percent whereas Zinc gained the most by 0.4 percent.

MCX copper prices fell by 1.4 percent and closed at Rs.394.4/kg on Tuesday despite Rupee depreciation.

On the MCX, base metals apart from Lead and Zinc traded on a negative note in line with international trends.

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