Base metals were trading in a mixed manner in Asian trading today. LME Copper three month prices were trading at $ 7329 per tonne, up $ 10 per tonne. The data from China has now seemed to have been discounted for now. Now the markets will dwindle between the positives and negatives ahead of Shanghai weekly and LME daily warehouse details. Among other metals, Zinc was trading at $ 1863 per tonne, up $ 10 per tonne. Indian MCX Copper was trading at Rs 408.6 per kg, up 0.05 percent.
Meanwhile, US home sales and initial jobless claims released last night has given some ray of home after the reports of quantitative easing programme to end jittered the metals. Chinese PMI numbers that were in the news from last two days had crushed the metal earlier.
Source by Commodity Insights
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