Daily Buzz
COPPER
Copper futures fell 0.34 per cent to Rs 406.40 per kg today as speculators trimmed positions amid a weak trend in global markets. At the Multi Commodity Exchange, copper for delivery in April next year declined by Rs 1.40, or 0.34 per cent, to Rs 406.40 per kg in a business turnover of 2 lots. The metal for delivery in February fell by Re 1, or 0.25 per cent, to Rs 402.90 per kg in a business volume of 2 lots. Globally, copper for delivery in three-months traded 0.3 per cent lower at USD 6,453.75 per tonne at the LME, while in Shanghai the metal for February delivery rose 0.4 per cent to 45,990 yuan (USD 7,476) a tonne.
CRUDE OIL
Crude oil futures declined by 0.34 per cent to Rs 4,122 per barrel today in line with a weak trend in Asian trade. At the Multi Commodity Exchange, Crude oil for delivery in current month shed Rs 14, or 0.34 per cent, to Rs 4,122 per barrel, with a business volume of 1,189 lots. Oil prices for January 2015 contracts moved down by Rs 13, or 0.31 per cent, to Rs 4,156 per barrel, with a business volume of 79 lots.
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