Copper little changed despite improved China
data
23/12/2014 10:47
Copper futures fell in the domestic market on Tuesday as investors and speculators stayed cautious over booking fresh positions in the base metal after a dip in US existing home sales last month clouded the demand outlook for copper, which is used as a building material.
A leading economic index for China climbed at a quicker pace in November, up 0.9 per cent from the previous month, when it rose 0.8 per cent, easing concerns over a slowdown in the world’s biggest metals consumer, supporting copper.
At the MCX, Copper futures for February 2015 contract is trading at Rs 406.75 per 1 kg, down by 0.01 per cent after opening at Rs 406.10, against the previous closing price of Rs 406.80. It touched the intra-day low of Rs 406.10 till the closing. (At 10:36 AM).
23/12/2014 10:47
Copper futures fell in the domestic market on Tuesday as investors and speculators stayed cautious over booking fresh positions in the base metal after a dip in US existing home sales last month clouded the demand outlook for copper, which is used as a building material.
A leading economic index for China climbed at a quicker pace in November, up 0.9 per cent from the previous month, when it rose 0.8 per cent, easing concerns over a slowdown in the world’s biggest metals consumer, supporting copper.
At the MCX, Copper futures for February 2015 contract is trading at Rs 406.75 per 1 kg, down by 0.01 per cent after opening at Rs 406.10, against the previous closing price of Rs 406.80. It touched the intra-day low of Rs 406.10 till the closing. (At 10:36 AM).
