Mcx Commodity Market News : Evening Session - 4.102016
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Aluminium futures little changed during the evening trade in the domestic market on Tuesday as investors and speculators trimmed their bets in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market.
Further, sluggish demand for aluminium at the domestic spot market was led by exiting of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.15 per kg, down 0.09 per cent, after opening at Rs 111.15, against a previous close of Rs 111.25. It touched the intra-day low of Rs 110.80 (at 16:17 hours).
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Nickel futures little changed on rising demand
04/10/2016 14:20
Nickel futures were little changed during the afternoon trade in the domestic market on Tuesday as investors and speculators build up fresh positions amid rising demand after the Philippines widened a crackdown on miners, thus raising supply risk.
As per the UBS Group AG report, about a 10 per cent of the world’s nickel supply is at risk after the Philippines widened a crackdown on miners.
Last week, the Philippine government threatened to close another 14 mines. At the MCX, nickel futures for October 2016 contract is trading at Rs 688 per kg, up by 0.04 per cent, after opening at Rs 687, against a previous close of Rs 687.70. It touched the intra-day high of Rs 692.40 (at 14:13 hours).
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Aluminium futures little changed on subdued demand
04/10/2016 16:18Aluminium futures little changed during the evening trade in the domestic market on Tuesday as investors and speculators trimmed their bets in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market.
Further, sluggish demand for aluminium at the domestic spot market was led by exiting of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.15 per kg, down 0.09 per cent, after opening at Rs 111.15, against a previous close of Rs 111.25. It touched the intra-day low of Rs 110.80 (at 16:17 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Nickel futures little changed on rising demand
04/10/2016 14:20
Nickel futures were little changed during the afternoon trade in the domestic market on Tuesday as investors and speculators build up fresh positions amid rising demand after the Philippines widened a crackdown on miners, thus raising supply risk.
As per the UBS Group AG report, about a 10 per cent of the world’s nickel supply is at risk after the Philippines widened a crackdown on miners.
Last week, the Philippine government threatened to close another 14 mines. At the MCX, nickel futures for October 2016 contract is trading at Rs 688 per kg, up by 0.04 per cent, after opening at Rs 687, against a previous close of Rs 687.70. It touched the intra-day high of Rs 692.40 (at 14:13 hours).
