Industry metals performed in a mixed pattern since the beginning of this week. In last trade, all Base Metals ended in red with selling sentiment in volume.
Amid falling metals, Zinc is the only promising metal which traded steadily with firm uptrend today, rose by 1.97 percent. Lead and Aluminum remained in thin trading rang. Copper and Nickel future consider as big looser in base metals pack as increase approximately 0.30 percent at London Metals Exchange (LME).
Copper unraveled from a new record high yesterday, relocating its biggest one-day drop in three weeks, as rising inflation in China, its top consumer, spoiled the shorter-term demand view and raised the specter of more monetary tightening.
Subdued demand for the metal at the spot markets weighed on the Industry metals prices to remain under pressure in ongoing week. Along with this profit-booking by speculators and weak global cues gave slow moment in base metals prices.
Amid falling metals, Zinc is the only promising metal which traded steadily with firm uptrend today, rose by 1.97 percent. Lead and Aluminum remained in thin trading rang. Copper and Nickel future consider as big looser in base metals pack as increase approximately 0.30 percent at London Metals Exchange (LME).
Copper unraveled from a new record high yesterday, relocating its biggest one-day drop in three weeks, as rising inflation in China, its top consumer, spoiled the shorter-term demand view and raised the specter of more monetary tightening.
Subdued demand for the metal at the spot markets weighed on the Industry metals prices to remain under pressure in ongoing week. Along with this profit-booking by speculators and weak global cues gave slow moment in base metals prices.
