Tuesday, April 1, 2014

TODAY MCX COMMODITY TIPS FOR 01 APRIL 2014

Base Metals & Energy
D A I L Y B U Z Z
COPPER
Tracking a weak global trend, copper prices fell by 0.24 per cent to Rs 407.20 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, copper for delivery in June fell by Re one, or 0.24 per cent, to Rs 407.20 per kg in a business turnover of 2 lots.
The metal for delivery in April traded lower by 90 paise, or 0.23 per cent, to Rs 403.65 per kg in 136 lots.
Meanwhile, copper fell 0.5 per cent to $6,640 a tonne on the London Metal Exchange.

ALUMINIUM
Aluminium prices fell 0.19 per cent to Rs 103 per kg in futures trading today as speculators reduced exposure amid weak global trend.
At the Multi Commodity Exchange, aluminium for delivery in March declined by 20 paise, or 0.19 per cent, to Rs 103 per kg in business turnover of 17 lots.
Similarly, the metal for delivery in the April contract traded lower by 15 paise, or 0.14 per cent, to Rs 104.40 per kg in 74 lots.

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