Wednesday, 14 January 2015

Base Metal Details of 14th January 2015

www.researchvia.com

COPPER
Copper prices fell by 0.58 percent on Tuesday at the domestic markets. At the MCX, copper futures for February 2015 contract were trading at Rs.374.90 per 1 kg, down by 0.58 percent, after opening at Rs. 375.60 against the previous closing price of Rs. 377.10. It touched the intra-day low of Rs. 374.45 till the trading. 

ZINC
Zinc prices fell by 0.91 percent on Tuesday at the domestic markets as growing concerns over a slowdown in global demand combined with a stronger U.S. dollar dampened the appeal of the metal. Zinc futures for January 2015 contract, at MCX, were trading at Rs 131.15 per kg, down by 0.91 per cent after opening at Rs. 132.40 against the previous closing price of Rs. 132.35. It touched the intra-day low of Rs. 131.15 till the trading. 

CRUDE OIL 
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 3175 metric tonnes to 667700 metric tonnes as on Jan 13, 2015.

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