Thursday, 7 April 2016

Copper, Zinc and Base Metals Update by MarketMagnify

Base metals yesterday showed some mixed move as the market is having an eye on the minutes of FED meeting due to be released today. As per closing basis, aluminum and zinc posted loss at MCX, while at LME, lead too joined the list.

Apart from this, as per the GFMS latest release, copper prices can move down below its January’s six and half years low levels on account of extra production despite of lack in demand. The global copper market this year shall remain in surplus by around 150,000 tonnes.

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