Daily Buzz
COPPER
Buoyed by a firm global trend and increased domestic demand, copper prices rose 0.20 percent to Rs 404.10 per kg in futures trade today, as participants created speculative positions. At the Multi Commodity Exchange, copper for delivery in February next year traded higher by 80, or 0.20 percent, to Rs 404.10 per kg in business turnover of 184 lots. Metal for delivery in far-month April contracts edged up by 55 paise, or 0.14 percent, to Rs 407.70 per kg in three lots.
LEAD
Lead prices fell by 0.64 percent on Thursday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 124.45 per kg, down by 0.64 percent, after opening at Rs 125.70, against a previous close of Rs 125.25. It touched an intra-day low of Rs 124.35 till the trading. (At 4.00 PM today).
CRUDE OIL
However, losses were curbed due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 150 metric tonnes to 220200 metric tonnes as on December 11, 2014.
Buoyed by a firm global trend and increased domestic demand, copper prices rose 0.20 percent to Rs 404.10 per kg in futures trade today, as participants created speculative positions. At the Multi Commodity Exchange, copper for delivery in February next year traded higher by 80, or 0.20 percent, to Rs 404.10 per kg in business turnover of 184 lots. Metal for delivery in far-month April contracts edged up by 55 paise, or 0.14 percent, to Rs 407.70 per kg in three lots.
LEAD
Lead prices fell by 0.64 percent on Thursday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 124.45 per kg, down by 0.64 percent, after opening at Rs 125.70, against a previous close of Rs 125.25. It touched an intra-day low of Rs 124.35 till the trading. (At 4.00 PM today).
CRUDE OIL
However, losses were curbed due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 150 metric tonnes to 220200 metric tonnes as on December 11, 2014.
No comments:
Post a Comment