Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper Extends Weak Run For The Fifth Successive Session

16-Apr2011

Copper Extends Weak Run For The Fifth Successive Session

Copper prices extended their weak run till the last trading day of the week as investors worry over the short term demand prospects of the commodity showed little signs of dying down since spiraling inflationary pressures due to rising food and gasoline costs continued to undermine sentiments. The wilt in red metal prices was despite the weakness in the US greenback against a basket of currencies which typically makes the dollar denominated commodity cheaper for overseas investors.

Copper futures for May delivery slipped by 2.65 cents and settled at $4.2575 per lb on the Comex metals division of the New York Mercantile Exchange. Copper for three-month delivery on the London Metal Exchange dropped $5 to $9,405 a tonne.

Related News

View all news

BT Cotton Seeds Businesses Targeting Earnings Of Rs 700 Crore This Season

BT Cotton seeds organizations are targeting earnings of Rs 700 cr this season as a result of a rise ......

Gold Challenges To Maintain Earlier Increases As The Problems In Europe Prolongs

Gold prices surrounded reduce on Monday because the euro solved their deficits in opposition to the ......

Copper Seems To Lengthen Uptrend As Dollar Recoils

Copper rates were able to lengthen the uptrend for 3rd instantly period on Monday, as traders proved......

Top News

View all news

Victory Paper, Orient Green Power and HCL Infosystems to see some action today

Victory Paper and Boards India has received approval from its board to start Aluminium Roofing sheet production. The Board decided to purchase Aluminium roofing sheets and manufacturing machines from......

Victory Paper gets nod to start Aluminium Roofing sheet production

Victory Paper and Boards India has received an approval from its board to start Aluminium Roofing sheet production. The company decided to purchase Aluminium roofing sheets and manufacturing machines from......

NTPC discontinues operations at Badarpur Thermal Power Station

NTPC has discontinued operations of Badarpur Thermal Power Station in New Delhi having total installed capacity of 705 MW with effect from October 15, 2018.NTPC is the largest power utility company in......