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.

Copper
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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