BASE METALS & ENERGY
Copper prices rose 0.17 per cent to Rs 418.55 per kg in futures trade today as speculators enlarged positions amid a firming global trend and pick-up in demand.
At the Multi Commodity Exchange, copper for delivery in August added another 70 paise, or 0.17 per cent, to Rs 418.55 per kg in a business turnover of 4,454 lots.
In a similar fashion, the metal for delivery in November traded higher by 45 paise, or 0.11 per cent, to Rs 427.35 per kg in 116 lots.
Copper for delivery in three months gained 0.3 per cent to $ 6,926.75 a metric tonne at the London Metal Exchange.
NICKEL
Nickel prices moved up by Rs 1.60 to Rs 1,131.40 per kg in futures market today after speculators enlarged positions, tracking a firming trend in spot market on increased demand from alloy-makers. Besides, an encouraging trend in select base metals in the global markets supported the upside.
At the Multi Commodity Exchange, nickel for delivery in September gained Rs 1.60, or 0.14 per
cent, to Rs 1,131.40 per kg in business turnover of 531 lots. In a similar fashion, the metal for
delivery in current month rose by Rs 1.30, or 0.12 per cent, to Rs 1,124.20 per kg in 531 lots
D A I L Y B U Z Z
COPPER Copper prices rose 0.17 per cent to Rs 418.55 per kg in futures trade today as speculators enlarged positions amid a firming global trend and pick-up in demand.
At the Multi Commodity Exchange, copper for delivery in August added another 70 paise, or 0.17 per cent, to Rs 418.55 per kg in a business turnover of 4,454 lots.
In a similar fashion, the metal for delivery in November traded higher by 45 paise, or 0.11 per cent, to Rs 427.35 per kg in 116 lots.
Copper for delivery in three months gained 0.3 per cent to $ 6,926.75 a metric tonne at the London Metal Exchange.
NICKEL
Nickel prices moved up by Rs 1.60 to Rs 1,131.40 per kg in futures market today after speculators enlarged positions, tracking a firming trend in spot market on increased demand from alloy-makers. Besides, an encouraging trend in select base metals in the global markets supported the upside.
At the Multi Commodity Exchange, nickel for delivery in September gained Rs 1.60, or 0.14 per
cent, to Rs 1,131.40 per kg in business turnover of 531 lots. In a similar fashion, the metal for
delivery in current month rose by Rs 1.30, or 0.12 per cent, to Rs 1,124.20 per kg in 531 lots
