Copper at Multi commodity exchange is trading range bound in the
market due to global cues. 1 % of sharp decline is being observed at
the multi commodity exchange today.Copper at London Metal exchange
has dropped by 1 percent to meet the below 7700 $ level. The United
state and European economic conditions are still the comcern for
market. Global economic demand of copper has gone down on Index.China
has also made it clear that he will make no concessions to the
current real estate sector. The figures also CFTC in America are
coming. CFTC stands for U.S. Commodity
Futures Trading Commission which looks forward to implementing the
Dodd-Frank bill to lower risk, promote transparency and protect the
American public.Copper
prices will be affecting by these factors too.
MCX base metals lead, nickel, aluminium are trading with more than 0.5% of drop. MCX Zinc has slipped by more than 1 percent. MCX Crude oil has gone down in the home market by more than 0.75% and currently trading below the price level of 5100.
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