Tuesday, 9 June 2015

News and Research on Mcx Base Metals

Base Metals
On Monday, base metals on the LME (except aluminum) traded higher with Nickel the top gainer in the pack with rise of 2.2 while all the other metals rose marginally on account of weak dollar.

On the MCX, all the base metals (except aluminum) rose in line with weakness in the international markets.

On Monday, LME Copper prices rose by 0.2 percent to close at $5948/tonne. Weaker dollar and expectations that top metals consumer China will unleash further stimulus measures acted as a positive factor.

MCX copper prices rose by 0.3 percent and closed at Rs.383.6/kg on Monday.

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