India copper futures are reported to trade lower on Monday following international markets, where a broad sell-down in commodities and stocks on fears a deadly flu outbreak could reach pandemic proportions pressured the metal. T. Gnanansekar, director with Commtrendz Research in Mumbai, stated: The downward trend would continue in copper on the back of doubts [...]
India copper futures are expected to open lower on Thursday following global peers, where a bleak outlook for the global economy and expectations of dipping demand from China pressured the metal. Harish Galipelli, head of research with Karvy Comtrade in Hyderabad, stated: Copper may see some downward movement to 220/215 rupees also on weakness in [...]
India’s copper futures reported to trade lower by over 3 percent on Tuesday, following global peers, as renewed signs of global economic weakness pressured the red metal. Pranav Mer, an analyst with India Infoline, stated: We expect further correction in copper triggered by weak equity markets. For full story, click here
India copper futures reported to trade lower on Monday, following global leads, where a strong dollar pressured the red metal. Somnath Dey, in-charge metals and energy research in Noida, stated: Copper should see more downside on profit-booking later in the session. For full story, click here
India copper futures bent down on Friday tracking overseas markets, where the rally ran out of steam after soft economic data from China and a strong dollar overseas. For full story, click here
India’s copper futures surged on Monday supported by continuing declines in stockpiles and positive industrial output and other data from China. Somnath Dey, in-charge metals and energy research with Religare Commodities, stated: Copper may tread higher once Comex pit trading starts later. For full story, click here
India copper futures reversed early losses on Wednesday evening as U.S. stocks pointed to a higher open, reviving hopes of an economic recovery and thereby rising demand for the industrial metal. Aurobinda Prasad, deputy manager-research with Karvy Comtrade in Hyderabad, stated: One of the major reason for higher movement is recovering equity markets. For full [...]
As per analysts’ report, India’s copper futures recovered on Tuesday buoyed by global leads, but a strong rupee kept a lid on gains. Praveen Singh, an analyst with Sharekhan Commodities, stated: Copper would trade on the higher side on the back of a weak dollar, rebounding equities. For full story, click here
India copper futures are set to open slightly lower on Friday tracking markets in London. Harish Galipelli, head of research with Karvy Comtrade in Hyderabad, stated: Surging equity markets is also bringing optimism to the base metals complex. For full story, click here
India copper futures recovered on Thursday on account of strong U.S. data reviving hopes of demand for the metal. Kunal Shah, an analyst with Nirmal Bang Commodities, said: We might see copper prices moving towards 206/208 later. For full story, click here
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