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Home >> Market >> News >> News Details

Commodity Futures - Pre-session commentary
09-Nov-2018     12:33

Base Metals Preview: MCX Copper Eases Under Rs 440 Levels

COMEX Copper futures took a tumble yesterday and stayed lax after the the US Federal Reserve meet outcome. Broad worries over global growth and a mixed undertone in equities weighed on the red metal. The counter is down 0.70% at $2.71 per pound. MCX Copper futures ended at Rs 438 per kg, down 0.80% on the day. 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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