COPPER
Copper prices rose by 0.50 percent on Tuesday at the domestic markets after Industrial production in China rose more-than-expected last month signaling improving industrial activity in China, world’s largest consumer of metal which raised the demand outlook for the metal. National Bureau of Statistics of China said that Chinese Industrial Production rose to 7.9 percent, from 7.2 percent in the preceding month.
Copper prices rose by 0.50 percent on Tuesday at the domestic markets after Industrial production in China rose more-than-expected last month signaling improving industrial activity in China, world’s largest consumer of metal which raised the demand outlook for the metal. National Bureau of Statistics of China said that Chinese Industrial Production rose to 7.9 percent, from 7.2 percent in the preceding month.
CRUDE OIL
Crude oil prices rose by 0.13 percent on Tuesday at the domestic markets after National Bureau of Statistics of China said that Chinese Retail Sales rose to an annual rate of 11.9 percent, from 11.7 percent in the preceding month signaling improving sentiment in China, world’s second largest economy which raised the demand outlook for the fuel.
Crude oil prices rose by 0.13 percent on Tuesday at the domestic markets after National Bureau of Statistics of China said that Chinese Retail Sales rose to an annual rate of 11.9 percent, from 11.7 percent in the preceding month signaling improving sentiment in China, world’s second largest economy which raised the demand outlook for the fuel.
At the MCX, crude oil futures for February 2015 contract were trading at Rs. 2,987 per barrel, up by 0.13 percent, after opening at Rs. 2,988 against the previous closing price of Rs. 2,983. It touched the intra-day high of Rs. 2,998 till the trading.
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