Commodity Watch
New Delhi: Copper futures on Friday fell 45paise to Rs734.25 per kilogram as participants cut their positions amid a muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for January delivery eased by 45paise or 0.06 per cent to Rs734.25 per kg in a business turnover of 5,041 lots. Analysts said trimming of positions by speculators amid a muted demand in the spot market mainly dragged down copper prices in the futures trade.
Aluminium futures rise on fresh bets
Aluminium prices on Friday climbed 0.05 per cent to Rs211.25 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for January delivery increased by 10paise or 0.05 per cent to Rs211.25 per kg in a business turnover of 4,935 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
Zinc futures rise on high demand
Zinc prices on Friday rose 45paise to Rs232.40 per kilogram in the futures trade amid a pickup in spot demand. On the Multi Commodity Exchange, zinc contracts for January delivery traded higher by 45paise or 0.19 per cent at Rs232.40 per kg with a business turnover of 5,126 lots. Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries kept zinc prices higher in the futures trade.
Guar gum futures fall on low demand
Guar gum prices on Friday dropped Rs14 to Rs10,945 per five quintals in the futures market as traders offloaded their holdings in line with a weak trend in the spot market. On the National Commodity and Derivatives Exchange, guar gum for January delivery fell Rs14 or 0.13 per cent to Rs10,945 per five quintals in 35,265 lots.
