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Base metals futures extend losses

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Mumbai – Base metals extended losses during the early hours of trading on Multi Commodity Exchange (MCX) Tuesday taking bearish cues from benchmark LME bourse. Fear of further monetary tightening by China and weighed on the global sentiment.
Aluminium April contract traded at Rs 120.35, down Re 0.60 at 10:31 AM IST and opened the session at Rs 120.70 per kg. It moved between Rs 120.70- 120.30 per kg. Total volume so far recorded at 299 lots.

Copper April contract traded at Rs 418.95 per kg, down Rs 2.95 at 10:31 AM IST and traded in the range of Rs 421.30- 417.40 per kg. Total volumes so far recorded 4,995 lots.

Lead April contract currently traded at Rs 112.45/kg, down Re 0.80. The session opened at Rs 112.10 per kg and so far fluctuated in the range of Rs 113.00- 108.00 per kg. Total volumes recorded 414 lots.

Nickel April contract traded at Rs 1,155.40/kg, down Rs 12.60 and moved between Rs 1,165.90- 1,154.30 per kg. Volume so far recorded 2,410 lots. It had opened the session at Rs 1,165.90 per kg.
Zinc April contract traded at Rs 100.95, down Rs 1.50 and traded between Rs 102.10- 100.50 per kg. Total volumes recorded 1,280 lots.

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  • ▼ 2011(8)
    • ▼ April(8)
      • Base metals futures extend losses
      • Crude oil slips in tandem with Nymex
      • Cumin seed sheds Rs 50 in spot
      • Cotton gains Rs 25-30 in north India
      • World maize supply estimated to fall by 0.8pc
      • Domestic oil seed and edible oil end mostly down
      • Black pepper posts up to 3pc profits, rest spices ...
      • Base metals move bearish
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