Copper prices are facing important anxiety as we write down. The markets opened on a weak undertone following pessimistic cues from Shanghai and COMEX. The prices of standard Copper April end on MCX are trading at Rs. 433.3 / kg, downward Rs. 6. Morning trades saw COMEX prices tremendous by 4 cents whereas Shanghai copper was downward by more than 1000 Yuan per ton. Construct up of short positions in the new week brought market below heaviness on MCX. The open attention in the markets was 19400 lots as against 19100 last week. The selling in MCX Copper is the result of sensitive fluctuations in currency and financial markets. Concerns of European debt disaster have proved good for the Dollar. The buck now trades at 1.4051 up 27 pips.
Newer news items:
- Copper strength supported on positive US housing data
- Downhill Slide Continues in oil
- Selling to continue in Mustard seed futures
- US Corn down on profit taking by traders
- As Inventories climb, Inferior Moves In Aluminum
Older news items:
- Hebei steel output second in the world at 44.78 million tones.
- Potato Arrivals turn down in major mandies
- Chana slump on strong supplies in major mandies
- Oil lingers approximately $105
- US Corn droop on weak demand at upper levels
