Tuesday, July 8, 2014

DAILY COMMODITY COPPER & NICKEL REPORT 08/07/2014

Base Metals & Energy
D A I L Y B U Z Z

COPPER 
Copper prices fell by 0.41 per cent to Rs 433.30 per kg in futures trade today on speculators reducing positions amid weak global cues and subdued domestic demand.

At the Multi Commodity Exchange, copper for delivery in August eased by Rs 1.80, or 0.41 per cent, to Rs 433.30 per kg in a business turnover of 730 lots.

The metal for delivery in August fell by a similar margin to trade at Rs 439.15 per kg in a volume of 15 lots.

NICKEL 
Nickel prices fell by 0.26 per cent to Rs 1,161.50 per kg in futures trade today as participants reduced their exposures amid a weak trend overseas.

At the Multi Commodity Exchange, nickel for delivery in August declined by Rs 3, or 0.26 per cent, to Rs 1,161.50 per kg in a turnover of 18 lots.

Similarly, the metal for delivery in July traded lower by Rs 2.60, or 0.22 per cent, to Rs 1,155.40 per kg in 585 lots.

Meanwhile, nickel decreased 0.5 per cent to USD 19,309 per tonne on the London Metal Exchange.

Followers