Copper Latest News Updates By MarketMafnify

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We expect MCX Copper prices to trade higher today in line with international trends.

LME Copper prices fell by 0.1 percent yesterday to close at $4557 per tonne owing to mixed response to the trade balance data. China’s copper imports at 440,000 tonnes in January were down 17 per cent from December but up 5.3 per cent on the year.

LME Copper prices are expected to trade higher today as recent stimulus measures by China will boost the red metal. Also, fall in bearish bets in COMEX copper futures and options by around half in the week will act as a positive factor.

 

Chana Latest News Update By MarketMagnify

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Chana prices closed lower by 0.72 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. 

At the NCDEX, chana futures for April 2016 contract closed at Rs. 4,298 per quintal, down by 0.72 per cent, after opening at Rs. 4,374 against the previous closing price of Rs. 4,329. It touched the intra-day low of Rs. 4,285. 

Today's lme inventory report

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ALUMINIUM         - 4775

COPPER             - 2550

LEAD                     - 875

NICKEL                 - 330

TIN                          NA

ZINC                    + 150