Tuesday, January 31, 2012

MCX Crude and Copper Updates For Today: 31st Jan '12

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MCX crude oil has ended. Up more than 0.25 per cent crude oil is trading close to Rs 4962. NYMEX at 1 per cent rise in crude oil is trading with. In Japan due to better than expected industrial production figures for crude oil is boiled. International market has a bullish trend in crude oil. In NYMEX the crude oil is trading with a gain of nearly half a per cent. Although the price is still below $ 100 per barrel. On Monday, crude oil in the domestic market had closed at Rs 4940 with lethargy.

Copper & other metals declined, as downbeat US economic data, resurgent fears about Greece and a weaker euro stifled investor appetite for riskier assets like commodities. Copper futures for Dec. delivery closed down by 1.6% at $3.8265 per pound on the COMEX division of the New York Mercantile Exchange. Japan's refined zinc exports surged 44% from a year earlier to 12,273 tons in Dec, as exports to China increased, as per customs-cleared data. Exports to China increased to 4,504 tons, up from 1,753 tons a year earlier.

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