Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper Stretches Uptrend; China Inflation Details Eyed


Copper Stretches Uptrend; China Inflation Details Eyed

Copper prices expanded the uptrend for 3 rd right period on Tuesday, continuously retrieving from a large item sell-off last week that drawn it to 5 month lower levels, as much better than anticipated financial records from the metal`s best 2 main customers China and US raised emotions. The benefit in red material costs was given as traders stayed on the side lines in front of major customer China`s inflation records that is planned to be declared on Wednesday that will provide ideas on additional financial securing in China.

Copper commodity for July supply enhanced 2.55 cents to stay at $4.0420 a lb on the Comex materials section of the NYME . Copper for 3 month supply on LME obtained by $20 to $8,910 a tonne

Related News

View all news

Mentha oil futures trade marginally higher on MCX

Mentha oil futures trade marginally higher on MCX as speculators enlarged positions due to firm trend at spot market on rising demand from consuming industries. Further, tight stocks position on fall in......

Crude oil futures trade lower on oversupply concerns

Crude oil futures traded lower on MCX on offloading of positions by speculators as rising drilling activity in the United States pointed to further increases in output, raising concerns about a return......

Jeera futures decline on NCDEX

Jeera futures declined on NCDEX, as traders initiated fresh selling on expectation of higher arrivals in the coming weeks due to bumper acreage during the season. Further, tepid demand for cumin from spot......

Top News

View all news

BHEL commissions first unit of Kishanganga HEP in Jammu & Kashmir

Bharat Heavy Electricals (BHEL) has successfully commissioned the first 110 MW generating unit of the prestigious 330 MW Kishanganga Hydro-Electric Project (HEP) in Jammu & Kashmir (J&K),......

Tata Power's TPDDL launches artificial intelligence solution for Indian Discoms

Tata Power Delhi Distribution (TPDDL), a joint venture (JV) of Tata Power and the Government of Delhi has launched artificial intelligence solution for Indian Discoms to make their operations smarter.......

Lupin receives USFDA approval for generic Topicort Topical Spray

Lupin has received final approval for its Desoximetasone Topical Spray, 0.25%, 30 ml, 50 ml, and 100 ml from the United States Food and Drug Administration (USFDA) to market a generic version of Taro Pharmaceuticals......