Wednesday, 6 January 2016

Commodity Market Base Metals Updates

Base Metals
Base metals on the LME traded mostly lower yesterday as factory activity in the world's second-largest economy shrank in December for the tenth month in a row.

On the MCX, all the base metal prices (except copper and zinc) traded lower in line with international trends.

LME Copper prices rose by 0.8 percent on Tuesday to close at $4645 per tonne as China pumped in an estimated $20 billion to stabilise its equity and currency markets, though worries over slowing demand in the world's top metals user kept gains firmly in check.
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