Wednesday, June 25, 2014

Commodity Base Metals & Energy Update For 25 JUNE 2014

Base Metals & Energy
D A I L Y B U Z Z 
Lead weakened by 0.35 per cent to Rs 129.05 per kg in futures trade today largely in tandem with a weak trend overseas and subdued demand from battery-maker in the domestic spot market. 

At the Multi Commodity exchange, lead for delivery in June weakened by 45 paise, or 0.35 per cent, to Rs 129.05 per kg in business turnover of 377 lots. 

Similarly, the metal for delivery in July contract traded lower by similar margin to Rs 130.20 per kg in 33 lots. 

Crude oil futures prices today fell by 0.41 per cent to Rs 6,379 per barrel, as speculators trimmed positions amidst a weak trend in the Asian trade. 

The trading sentiment turned weak in futures trade following fall in global crude oil prices on fading of fears about supply disruption in the wake of Iraq crisis, analysts said. 

At the Multi Commodity Exchange, crude oil for delivery in July shed Rs 26, or 0.41 per cent, to Rs 6,379 per barrel in 1,785 lots. The oil for August delivery moved down by a similar margin to trade at Rs 6,370 per barrel in a volume of 83 lots.