LME Copper forwards were beginning to slip down ahead of the European markets opening. The anxiety of Italy elections and the new government stance on the austerity measures will be setting the mood for the rest of the day's play. LME Copper tested an intraday high of $ 7862 per tonne so far from where it has come down to $ 7855 per tonne
China decline in imports of refined Copper is playing on the minds of day trader's at the moment. The data has shown that refined Copper imports in the country declined by 27% to 243174 tonnes in January 2013.
Meanwhile, Indian Copper was trading at Rs 430.7 per kg, up 0.34%. The prices have tested a high of Rs 430.9 per kg. The prices tested a low of Rs 429.9 per kg. Indian Rupee fall ahead of Railway Budget was helping the domestic markets. The Rupee was exchanging hands at 54.07 down 0.37% against the Dollar.
Powered by Commodity Insights
No comments:
Post a Comment