Friday, 5 June 2015

Live Commodity Market Research on Base Metals

Base metals on the LME traded lower on Thursday with Copper and Zinc the top loser in the pack with decline of 1.6 and 1.5 percent while lead, aluminum declined by 1 and 0.3 percent respectively. On the MCX, all the base metals declined in line with weakness in the international markets.

Copper
LME Copper prices slipped below $6000/tonne on Thursday to a six week low and closed the session with a fall of around 1.6 percent hurt by signs of lackluster demand in China, the world's top user of the metal, and on risk aversion in wider financial and commodity markets.

MCX copper prices declined by 1.6 percent and closed at Rs.381.4/kg on Thursday.

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