Saturday, 2 April 2016

Daily Metals Insight Report by MarketMagnify

Base metals sector yesterday remained almost mixed ahead the much awaited China’s manufacturing data. Copper and lead suffered losses both at MCX and LME yesterday, while aluminum outperformed rest metals. China’s manufacturing PMI released today morning expanded for the first time in 9 months.

Against the expectations the actual came 50.20, expectations for which were 49.30. China’s manufacturing sector was expected to slow down for the 8th continuous month and as the data came unexpectedly good, some of the metals are having support at LME during morning session.
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