Tuesday, 22 April 2014

Copper futures traded down on MCX

Copper futures traded down on MCX as investors and speculators exited positions on caution ahead of the Chinese manufacturing data to be released tomorrow which may show a contraction for a fourth month on the trot in April, indicating a deepening slowdown in the world’s second biggest economy, signaling a gloomy demand outlook for industrial metals.
The contract for April delivery was trading at Rs 406.20, down by 0.47% or Rs 1.90 from its previous closing of Rs 408.10. The open interest of the contract stood at 19180.00 lots.
The contract for June delivery was trading at Rs 408.90, down by 0.52% or Rs 2.15 from its previous closing of Rs 411.05. The open interest of the contract stood at 2578.00 lots on MCX.

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