Mcx Commodity Market News : Morning Session - 18.10.2016
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Muted demand drags down zinc futures by 0.16%
18/10/2016 10:47
Zinc futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal amid a fall in demand from consuming industries at the domestic spot markets.
Further, participants cut down their positions in the industrial metal due to sluggish demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 151.70 per kg, down by 0.16 per cent, after opening at Rs 151.95, against a previous close of Rs 151.95. It touched the intra-day low of Rs 151.60 (at 10:45 hours).
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Nickel futures gain on upsurge in demand
18/10/2016 10:41
Nickel futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their bets in the industrial metal amid an increase in physical demand for nickel from major consuming industries in the domestic spot market.
The prices of nickel rise due to build up of fresh positions by participants in the industrial metal on account of upsurge in spot demand in the domestic spot market. At the MCX, nickel futures for October 2016 contract is trading at Rs 689.20 per kg, up by 0.16 per cent, after opening at Rs 689.50, against a previous close of Rs 688.10. It touched the intra-day high of Rs 690.50 (at 10:37 hours).
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Lead futures little changed on diminishing demand
18/10/2016 10:17
Lead futures were little changed during the morning trade in the domestic market on Tuesday as participants cut down their bets in the industrial metal due to muted physical demand for lead, from battery-makers, in the domestic spot market.
Further, a fall in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 132.75 per kg, down by 0.08 per cent, after opening at Rs 132.95, against a previous close of Rs 132.85. It touched the intra-day low of Rs 132.65 (at 10:16 hours).
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Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Muted demand drags down zinc futures by 0.16%
18/10/2016 10:47
Zinc futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal amid a fall in demand from consuming industries at the domestic spot markets.
Further, participants cut down their positions in the industrial metal due to sluggish demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 151.70 per kg, down by 0.16 per cent, after opening at Rs 151.95, against a previous close of Rs 151.95. It touched the intra-day low of Rs 151.60 (at 10:45 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Nickel futures gain on upsurge in demand
18/10/2016 10:41
Nickel futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their bets in the industrial metal amid an increase in physical demand for nickel from major consuming industries in the domestic spot market.
The prices of nickel rise due to build up of fresh positions by participants in the industrial metal on account of upsurge in spot demand in the domestic spot market. At the MCX, nickel futures for October 2016 contract is trading at Rs 689.20 per kg, up by 0.16 per cent, after opening at Rs 689.50, against a previous close of Rs 688.10. It touched the intra-day high of Rs 690.50 (at 10:37 hours).
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Join Our Whatsapp No : 9841986753
Lead futures little changed on diminishing demand
18/10/2016 10:17
Lead futures were little changed during the morning trade in the domestic market on Tuesday as participants cut down their bets in the industrial metal due to muted physical demand for lead, from battery-makers, in the domestic spot market.
Further, a fall in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 132.75 per kg, down by 0.08 per cent, after opening at Rs 132.95, against a previous close of Rs 132.85. It touched the intra-day low of Rs 132.65 (at 10:16 hours).
