Monday, 8 June 2015

News and Research on Mcx Base Metals

Base Metals
Last week, most of the base metals on the LME traded lower with Copper and Lead the top loser in the pack with decline of 1.4 and 1.2 percent followed by aluminum and Zinc which declined by 0.4 and 0.7 percent respectively.

Copper
Last week, LME Copper prices slipped below $6000/tonne on as prices traded below to a six week low and closed with a fall of around 1.4 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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