Copper.......
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.
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