Friday, October 10, 2014

TODAY MCX COMMODITY BASE METAL REPORT 10 OCT 2014

Base Metals & Energy
D A I L Y B U Z Z
COPPER
Copper prices rose 0.13 per cent to Rs 419.55 per kg in futures trade today as speculators enlarged positions after base metals strengthened in the global market amid pick-up in spot demand. 

At the Multi Commodity Exchange, copper for delivery in February next year edged up by 55 paise, or 0.13 per cent, to Rs 419.55 per kg in a business turnover of two lots. 

Likewise, the metal for delivery in November traded higher by 45 paise, or 0.11 per cent, to Rs 412.40 per kg in 642 lots. 

ZINC
Zinc prices drifted by 0.17 per cent to Rs 142.55 per kg in futures trade today as speculators trimmed positions after demand eased in spot markets. However, a better trend in base metals in global markets, restricted losses. 

At the Multi Commodity Exchange, zinc for delivery in October shed 35 paise, or 0.17 per cent, to Rs 142.55 per kg in a business turnover of 336 lots. 

Similarly, the metal for delivery in November edged lower by 20 paise, or 0.14 per cent, to Rs 143.35 per kg in nine lots. 

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