Tuesday, 2 June 2015

Live Commodity Market Research on Base Metals

Base Metals
Base metals on the LME apart from Copper and Aluminium traded lower on Monday as dollar index strengthened by half a percent exerting downside pressure.

Zinc was the biggest loser with losses of 1.4 percent while Nickel seems to be the top gainer rising by around 3 percent in yesterday’s trade.

LME Copper prices rose on Monday by 0.1 percent on expectations of rising demand from top consumer China and lower concentrate supplies, but gains were limited by the stronger dollar.

MCX copper prices fell by 0.6 percent and closed at Rs.384.4/kg on Monday.

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