Monday, 29 February 2016

Base Metals News on Commodity and Mcx Market

LME Copper prices are trading higher by 1.4 percent at $4675/tonne as China's central bank chief, Zhou Xiaochuan, said Beijing still had the room and tools to support the world's second largest economy. 

Also, China's central bank reiterated assurances made on Thursday that it will not use currency depreciation to boost exports. Further, sharp decline in LME stocks supported gains. MCX copper prices are trading higher by 1.4 percent at Rs.319.35 per kg.

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