Tag Archives: Live base metals Updates

Boom in Aluminum Base Metals Today due to production Reduction

Generally, prices of Aluminum used in packaging and auto sector are increasing rapidly and today the domestic market has reached the level of 130. In fact, Aluminum has crossed the level of $ 2000 per tonne on the London Metal Exchange, which has a record level of about three and a half years and during this year, there has been an increase of about 19 percent in Aluminum. Actually, citing environmental reasons, China has banned 32 million tonnes of Aluminum production companies, which produce nearly 9 percent of total Aluminum in China. Almost half of the world’s Aluminum is in China. In this way, China’s move has increased the fear of Aluminum crisis in the global market.

In the meantime, the demand has increased, MCX Copper has also gone up to 2.5 years. Zinc and Nickel are also trading on the edge. At present, Aluminum is trading at Rs 129.15 with a rise of 0.3% on MCX. Copper is trading at 0.14 percent with a marginal increase of 414.4. Nickel is trading at Rs 686.7 with an increase of 0.4 percent. Lead is trading 0.5 percent and is trading at Rs 152.6. Zinc has increased 0.4 percent to 187.7 rupees.

MCX base Metals Showing brighness @ How to Trade MCX metals

MCX Base metals in the commodity market is a segment where a lively looking. All metal, including copper are traded on the edge, but there has been a slowdown in Aluminum. With a gain of 0.5 percent on MCX Copper is trading at Rs 406.8, while Aluminum fell 0.1 percent. Nickel with a gain of 0.9 percent trading at Rs 734.9. Lead with 0.9 percent is trading at Rs 156.4. Zinc with a gain of 1 percent is trading at Rs 193.75.

@ Sold MCX Copper at around 406 to 405 targets 403, 401 Stop loss 409.

MCX Base Metal Sharp Fall Due to Greece Default @ Buy MCx Copper

Greece is on the verge of default, and it has had a major impact on commodity markets. Reduction in demand projected in the base metals have fallen sharply. Especially around 1.5 percent of the price of nickel is broken.About 5 percent of its value in just two trading days has lost. Currently these last 6 years has slipped to lower levels. The decline in copper has increased. Aluminium 0.71 percent to Rs 105 looks down while Copper also fell nearly 1 percent down to Rs 370 seems.

Copper: Long term trader can Buy MCX Copper with in current market prices 365 targets 385 stop loss 361.