Wednesday, 3 June 2015

Live Commodity Market Research on Base Metals

Aluminum continued to drill further deep into the ground marking losses upto 1.22% and settled at $1740 MT, down from its previous close.

Copper was the head turner yesterday as the metal snapped its longest slump of around 6 days in the past three months as China’s central bank will now allow lenders to issue certificates of deposits to individuals and companies.

Nickel once again proved it and stood steady at $13050 MT, up by around 0.5% from its previous close. The metal managed to remain intact despite the weak factory orders data from US which ruined the investor sentiment.

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