Skip to main content

LIVE METAL NEWS UPDATE BY TRADELINE @www.tradelinecommodity.com India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051

LIVE FUTURES REPORT 07/03: LME base metals down amid weak Europe buying; Pb bucks trend, up 1%

Base metals prices on the London Metal Exchange were predominantly lower during morning trading on Thursday March 7, with European buying lackluster ahead of the European Central Bank’s policy meeting where Eurozone growth forecasts could face cuts amid the bloc’s slowing economic progress.
Bucking the trend however, the three-month lead price pushed higher over the morning, breaching $2,100 per tonne after falling below the mark at Wednesday’s close.  A decade-low in LME stocks, which remains indicative of tight lead supply, prompted upward price action, while Chinese lead mine production – China is the world’s largest lead producer – remains on a downtrend amid ongoing environmental inspections.  Elsewhere, while both copper and nickel futures remain well supported, both metals’ price action have failed to break upside pressure and continue to consolidate above $6,400 per tonne and $13,400 per tonne respectively.  Total available LME copper stocks remain near record lows with just over 32,000 tonnes on-warrant, while open interest in the metal has fallen by 3,254 positions overnight to 402,293 open positions, the lowest since February 25.  In addition, the metal’s cash/three-month spread has eased amid...
India's No.1mcx Tips Provider
Missed Call @:/8057046270/8923452051
Labels:

Comments

Post a Comment

Popular posts from this blog

OFFER AGAIN ON HUGE DEMAND BY COMMODITYPROFITPLUS.COM

http://www.commodityprofitplus.com/
Post a Comment
Read more

Profit making tips From MCX.GURU

Post a Comment
Read more

mcxprofitmela.com

HNI MCX MELA PACKAGE HNI MCX Mela Package  is a product created for commodity traders who prefer to trade only in one sure shot call with taking many lots of that commodity. Only 12  sure shot calls  you will get in  this package  with 100% accuracy. We suggest to the traders to trade in multiple lots so they earn made good profit.We have a team of experts who have studied and perfected the art of technical analysis over the course of several years tracking markets globally. This is a product aimed to meet the needs of those big investors who wants to invest big, earn big and get big profit. What you get Quality 1 call in any  MCX commodity  on a daily basis. Calls Will Be Given by SMS And Through Calling. Follow Ups & All Important News & Information. An accuracy of 100% maintained on all intraday calls. We suggest to traders how many lots size to trade in this pack. Complete Support on Whatsapp & Direct Mobile Numbers ...
Post a Comment
Read more