Daily Buzz
COPPER
Copper prices fell by 0.68 per cent on Thursday at the domestic markets after Japan's exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen as slowing demand in Asia and Europe dampened trade. The 4.9 percent rise in exports was much weaker than a 7.0 percent gain seen by economists. At the MCX, copper futures for February 2015 contract were trading at Rs.404.40 per 1 kg, down by 0.68 percent, after opening at Rs. 406.25 against the previous closing price of Rs. 407.15. It touched the intra-day low of Rs. 403.10 till the trading.
LEAD
Lead prices fell by
1.68 percent on Thursday at the domestic markets due to the surge in
the lead stockpiles at the London Metal Exchange (LME) on account of the
weak demand for the commodity. LME lead stocks rose by 975 metric
tonnes to 220800 metric tonnes as on December 18, 2014. At the MCX, Lead
futures, for the December 2014 contract, is trading at Rs 116.95 per
kg,down by 1.68 percent, after opening at Rs 119.25, against a
previous close of Rs 118.95. It touched an intra-day low of Rs 115.85
till the trading.
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