Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper Stretches Gain On Anticipation Of Enhancing Requirement Prospects


Copper Stretches Gain On Anticipation Of Enhancing Requirement Prospects

Copper rates prolonged its getting ability on Friday as traders confirmed purchasing motivations in the item on targets that reddish metal requirement can be sustainably higher provided the truth that produced worldwide financial systems are displaying signs and symptoms of rescue. The commercial materials rates increased in spite of the come back in American dollar because studies that Europe`s financial widened quicker than experts forecasted provided the required assistance to the emotions.

Copper futures regarding July supply enhanced 1.3 cents or 0.3% to stay at $3.9835 a lb on the Comex materials section of NYME . Copper regarding 3 month shipping on LME increased by $58 or 0.7% to $8,788 a tonne.

Related News

View all news

Copper futures end lower on Friday

Copper futures ended lower on Friday as the dollar recovered against a basket of major currencies and US tariffs that could provoke a trade war, weighed on the markets. A strong US currency makes dollar-priced......

Gold futures end lower on Friday

Gold futures ended lower on Friday, pressured by strong dollar and expectations that US Federal Reserve will hike interest rates in the meeting next week for the first time this year. The rate hike generally......

Physical Rubber prices witness some weakness on Friday

Physical Rubber prices showed some weakness on Friday. Spot prices for RSS-4 variety remained unchanged at Rs 125.50/ kg; while the RSS-5 variety fell to Rs 122/ kg compared to its previous closing of......

Top News

View all news

Sadbhav Infrastructure emerges lowest bidder for Vadodara Kim Expressway Project

Sadbhav Infrastructure has been declared L-1 (Lowest) bidder by the National Highways Authority of India (NHAI) for new Hybrid Annuity Project in the State of Gujarat.The Project is for the construction......

Tribhovandas Bhimji Zaveri opens 37th store in Pune

Tribhovandas Bhimji Zaveri has opened its 37th store at Unit No. UG-71, Phoenix Market City Mall, Viman Nagar, Pune, in state of Maharashtra on March 17, 2018.Tribhovandas Bhimji Zaveri, a well-known jewellery......

DHFL planning to raise funds through NCDs

Dewan Housing Finance Corporation (DHFL) is planning to raise funds through Non-Convertible Debentures (NCDs). The company has proposed to issue Secured Redeemable NCDs amounting to Rs 300 crore and a......