Today's Base Metals News : 15.11.2019
Nickel
* Nickel futures on Friday declined by Rs 4.10 at Rs 1,117.10 per kg due to reducing of positions by speculators amid sluggish demand at the spot market.
* On the Multi Commodity Exchange, nickel contracts for November delivery fell by Rs 4.10, or 0.37 per cent, at Rs 1,117.10 per kg with a business turnover of 6,564 lots.
* Similarly, nickel contracts for December delivery fell by Rs 5, or 0.45 per cent, to Rs 1,108.20 per kg in 89 lots.
Lead
* Lead prices on Friday drifted lower 0.23 per cent to Rs 154.65 per kg in futures market as speculators cut bets on low demand.
* On the Multi Commodity Exchange, lead for delivery in November fell by 35 paise, or 0.23 per cent, to Rs 154.65 per kg in 384 lots.
* Likewise, the metal for delivery in December shed 10 paise, or 0.06 per cent, to Rs 155.40 per kg in 5 lots.
* Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market mainly influenced lead prices at futures trade.
Aluminium
* Aluminium prices on Friday fell 50 paise to Rs 131.15 per kg in futures trade as participants trimmed positions tracking a weak trend at spot market on sluggish demand.
* At the Multi Commodity Exchange, aluminium for November delivery eased by 50 paise, or 0.38 per cent, to Rs 131.15 per kg in a business turnover of 863 lots.
* Similarly, the metal for December delivery weakened by 60 paise, or 0.45 per cent, to Rs 133.05 per kg in 81 lots.
Zinc
* Zinc prices on Friday rose 0.23 per cent to Rs 193.45 per kg in futures trade, tracking a firm trend in physical market on the back of uptick in demand.
* On the Multi Commodity Exchange, zinc for November contracts was trading higher by 45 paise, or 0.23 per cent, at Rs 193.45 per kg with a business turnover of 1,829 lots.
* Marketmen said zinc prices rose as participants raised bets following a pickup in demand from consuming industries.
Copper
* Copper prices on Friday traded up by Rs 1.35 at Rs 438.85 per kg in futures trade on pick-up in spot demand.
*On the Multi Commodity Exchange, copper contracts for November delivery traded higher by Rs 1.35, or 0.31 per cent, to Rs 438.85 per kg in a business turnover of 2,230 lots.
* Similarly, the metal for delivery in December edged up by Rs 1.25, or 0.28 per cent, to Rs 443.80 per kg in 78 lots.
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* Nickel futures on Friday declined by Rs 4.10 at Rs 1,117.10 per kg due to reducing of positions by speculators amid sluggish demand at the spot market.
* On the Multi Commodity Exchange, nickel contracts for November delivery fell by Rs 4.10, or 0.37 per cent, at Rs 1,117.10 per kg with a business turnover of 6,564 lots.
* Similarly, nickel contracts for December delivery fell by Rs 5, or 0.45 per cent, to Rs 1,108.20 per kg in 89 lots.
Lead
* Lead prices on Friday drifted lower 0.23 per cent to Rs 154.65 per kg in futures market as speculators cut bets on low demand.
* On the Multi Commodity Exchange, lead for delivery in November fell by 35 paise, or 0.23 per cent, to Rs 154.65 per kg in 384 lots.
* Likewise, the metal for delivery in December shed 10 paise, or 0.06 per cent, to Rs 155.40 per kg in 5 lots.
* Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market mainly influenced lead prices at futures trade.
Aluminium
* Aluminium prices on Friday fell 50 paise to Rs 131.15 per kg in futures trade as participants trimmed positions tracking a weak trend at spot market on sluggish demand.
* At the Multi Commodity Exchange, aluminium for November delivery eased by 50 paise, or 0.38 per cent, to Rs 131.15 per kg in a business turnover of 863 lots.
* Similarly, the metal for December delivery weakened by 60 paise, or 0.45 per cent, to Rs 133.05 per kg in 81 lots.
Zinc
* Zinc prices on Friday rose 0.23 per cent to Rs 193.45 per kg in futures trade, tracking a firm trend in physical market on the back of uptick in demand.
* On the Multi Commodity Exchange, zinc for November contracts was trading higher by 45 paise, or 0.23 per cent, at Rs 193.45 per kg with a business turnover of 1,829 lots.
* Marketmen said zinc prices rose as participants raised bets following a pickup in demand from consuming industries.
Copper
* Copper prices on Friday traded up by Rs 1.35 at Rs 438.85 per kg in futures trade on pick-up in spot demand.
*On the Multi Commodity Exchange, copper contracts for November delivery traded higher by Rs 1.35, or 0.31 per cent, to Rs 438.85 per kg in a business turnover of 2,230 lots.
* Similarly, the metal for delivery in December edged up by Rs 1.25, or 0.28 per cent, to Rs 443.80 per kg in 78 lots.