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Home >> Market >> News >> News Details

Commodity Futures - Pre-session commentary
08-Nov-2018     16:35

Base Metals Preview: Copper Extends Correction From Three Week High On Demand Worries

COMEX Copper futures took a tumble today ahead of the US Federal Reserve meet outcome. Broad worries over global growth and a mostly weak undertone in equities hurt the red metal today. The counter is down 1.40% at $2.71 per pound. MCX Copper futures ended at Rs 442.80 per kg, up marginally on the day in last session and should ease following the slide in global prices today. China's imports of copper ores and concentrates dropped around 19% from last month to 1.57 million tonnes in October, data trade data indicated, hurting the metal as a drop from around three week highs extended.

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