COPPER
Copper prices fell by 0.22 percent on Monday at the domestic markets on speculation that demand growth my falter in the midst of signs of uneven economic growth in the US, Germany and China. At the MCX, copper futures for February 2015 contract were trading at Rs.381.30 per 1 kg, down by 0.22 per cent, after opening at Rs. 381.05 against the previous closing price of Rs. 382.15. It touched the intra-day low of Rs. 379.95 till the trading.
ZINC
Zinc prices fell by 0.22 per cent on Monday at the domestic markets due to a weak trend in base metals at the London Metal Exchange in the midst of low global demand concern. Zinc futures for January 2015 contract, at MCX, were trading at Rs 134.05 per kg, up by 0.22 per cent after opening at Rs. 133.65 against the previous closing price of Rs. 133.75. It touched the intra-day
high of Rs. 134.30 till the trading.
CRUDE OIL
However, losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME zinc stocks fell by 2300 metric tonnes to 670875 metric tonnes as on Jan 12, 2015.
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