Copper dips with China GDP in focus
19/01/2015 15:59
Copper prices fell by 0.11 per cent on Monday at the domestic markets as market players looked ahead to key economic data later in the week which could provide more evidence of a slowdown in China. Trade volumes were expected to remain light on Monday, with U.S. markets closed for a holiday. At the MCX, copper futures for June 2014 contract were trading at Rs.358.55 per 1 kg, down by 0.11per cent, after opening at Rs. 358 against the previous closing price of Rs. 358.95. It touched the intra-day low of Rs. 357.20 till the trading. (At 4.03 PM today).
Sentiment weakened further 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 10200 metric tonnes to 210600 metric tonnes as on Jan 19, 2015.
19/01/2015 15:59
Copper prices fell by 0.11 per cent on Monday at the domestic markets as market players looked ahead to key economic data later in the week which could provide more evidence of a slowdown in China. Trade volumes were expected to remain light on Monday, with U.S. markets closed for a holiday. At the MCX, copper futures for June 2014 contract were trading at Rs.358.55 per 1 kg, down by 0.11per cent, after opening at Rs. 358 against the previous closing price of Rs. 358.95. It touched the intra-day low of Rs. 357.20 till the trading. (At 4.03 PM today).
Sentiment weakened further 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 10200 metric tonnes to 210600 metric tonnes as on Jan 19, 2015.
