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Positive momentum seen in Base metals
Edited by : AL CIRCLE
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At MCX, Copper for delivery in August tumbled by 0.29% or INR 1.25 at INR 433 per kilogram where as aluminum ended flat at INR 111.2 per kilogram. While Lead weakened by 0.99% or INR 1.2 at INR 120.55 per kilogram, Zinc rose by 0.72% or INR 0.75 at INR 105.25 per kilogram and Nickel increased by 1.6% or INR 16.9 at INR 1069.9 per kilogram.
At Comex, the Copper futures for most active September contract settled higher by 0.01 cent or 0.27% at USD 4.4035 per pound last night. Three month delivery copper on LME ended higher by USD 165.5 or 1.74% at USD 9685.5 per tonne. Lead ended higher by 3% to USD 2752 per tonne and nickel rose by 2.73% to USD 23,735 per tonne. Aluminum ended flat at USD 2480.5 per tonne and zinc rose by 2.3% to end at USD 2,325 per tonne.
At Comex, the Copper futures for most active September contract settled higher by 0.01 cent or 0.27% at USD 4.4035 per pound last night. Three month delivery copper on LME ended higher by USD 165.5 or 1.74% at USD 9685.5 per tonne. Lead ended higher by 3% to USD 2752 per tonne and nickel rose by 2.73% to USD 23,735 per tonne. Aluminum ended flat at USD 2480.5 per tonne and zinc rose by 2.3% to end at USD 2,325 per tonne.
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