Wednesday, August 27, 2014

DAILY MCX COMMODITY REPORT FOR 27 AUG 2014

Base Metals & Energy
D A I L Y B U Z Z
CRUDE OIL
Crude oil futures recovered 0.16 per cent to Rs 5,692 per barrel today as speculators created positions amid a better trend in Asian trade. 

At the Multi Commodity Exchange, crude oil for delivery in September gained Rs 9, or 0.16 per cent, to Rs 5,692 per barrel, with a business turnover of 868 lots. 

The oil for October delivery rose by a similar margin to trade at Rs 5,703 per barrel, with a business volume of 40 lots. 

COPPER
Tracking a weak global trend, copper prices eased 0.55 per cent to Rs 427.70 per kg in futures trade today as speculators trimmed their positions. 

At the Multi Commodity Exchange, copper for delivery in August fell Rs 2.35, or 0.55 per cent, to Rs 427.70 per kg in business turnover of 819 lots. 

Similarly, the metal for delivery in November traded lower by Rs 2.10, or 0.48 per cent, to Rs 436.30 per kg in 130 lots. 

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