Tuesday, 30 December 2014

30th Dec 2014 Base Metal & Energy Report

NATURAL GAS
At the MCX, Natural Gas futures for December 2014 contract closed at Rs 191.9 per 1 kg, up by 0.10 per cent after opening at Rs 194.7, against the previous closing price of Rs 191.7. It touched the intra-day high of Rs 195.4 till the closing.
COPPER
Copper futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal after reports suggested that China’s central bank eased rules for calculation of deposits and reserve requirements, allowing lenders to make more loans to boost credit growth and help spur a revival in the world’s second biggest economy, lifting the demand outlook for copper.  At the MCX, Copper futures for February 2015 contract is trading at Rs 403.30 per 1 kg, up by 0.71 percent after opening at Rs 401.45, against the previous closing price of Rs 400.45. It touched the intra-day high of Rs 403.65 till the closing.

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