Copper gains on strong Japan industrial data
12/12/2014 16:29
Copper prices rose by 0.24 per cent on Friday at the domestic markets after the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 0.4 per cent, from 0.2 per cent in the preceding month signaling improving sentiment in the region which raised the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.409.65 per 1 kg, up by 0.24 per cent, after opening at Rs. 409.15 against the previous closing price of Rs. 408.65. It touched the intra-day high of Rs. 410.40 till the trading. (At 4.25 PM today).
due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 50 metric tonnes to 166500 metric tonnes as on December 12, 2014.'
12/12/2014 16:29
Copper prices rose by 0.24 per cent on Friday at the domestic markets after the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 0.4 per cent, from 0.2 per cent in the preceding month signaling improving sentiment in the region which raised the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.409.65 per 1 kg, up by 0.24 per cent, after opening at Rs. 409.15 against the previous closing price of Rs. 408.65. It touched the intra-day high of Rs. 410.40 till the trading. (At 4.25 PM today).
due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks rose by 50 metric tonnes to 166500 metric tonnes as on December 12, 2014.'
