Copper dips on sluggish euro area data
05/03/2015 12:13
Copper prices fell by 0.18 per cent on Thursday at the domestic markets after euro zone service sector activity fell unexpectedly in the last quarter signaling weak sentiment in the region which reduced the demand outlook for the metal. In a report, markit said that Euro Zone Services PMI fell to 53.7, from 53.9 in the preceding quarter. At the MCX, copper futures for April 2015 contract were trading at Rs.369.60 per 1 kg, down by 0.18 per cent, after opening at Rs. 370.85 against the previous closing price of Rs. 370.25. It touched the intra-day low of Rs. 369.45 till the trading. (At 11.45 AM today).
05/03/2015 12:13
Copper prices fell by 0.18 per cent on Thursday at the domestic markets after euro zone service sector activity fell unexpectedly in the last quarter signaling weak sentiment in the region which reduced the demand outlook for the metal. In a report, markit said that Euro Zone Services PMI fell to 53.7, from 53.9 in the preceding quarter. At the MCX, copper futures for April 2015 contract were trading at Rs.369.60 per 1 kg, down by 0.18 per cent, after opening at Rs. 370.85 against the previous closing price of Rs. 370.25. It touched the intra-day low of Rs. 369.45 till the trading. (At 11.45 AM today).
