Base metal Preview: Copper, zinc trade higher on strong demand

MCX Commodity Tips, Base Metal, Intraday Trading TipsCopper: Copper prices traded higher by 0.08% to Rs 452.10/ kg in futures market Wednesday after market players generated fresh positions, taking positive cues from the spot market on better demand.

At the MCX, copper for delivery in April edged higher by 35 paise, or 0.08%, to Rs 452.10 /kg in a business turnover of 10 lots. Similarly, the copper for delivery in Feb was trading higher by 10 paise or 0.02% to Rs 448.55 /kg in 1,395 lots.

Zinc: Zinc prices have been trading up by 0.27% to Rs 206.10 /g in futures trading as traders generated fresh positions, taking positive cues from the spot market on the uptick in demand. At MCX, Zinc for delivery in January traded higher by 55 paise, or 0.27%, to Rs 206.10 / kg in a business turnover of 35 lots. The zink for delivery in Dec edged up by 50 paise, or 0.24% to Rs 205.85 /kg in 592 lots.

Nickel: Nickel prices rose up by 0.27% to Rs 754.20 /kg in futures trade since speculators generated fresh positions along with a pickup in demand in the spot market. At the MCX, nickel for delivery in Dec traded higher by Rs.2, or 0.27% to Rs 754.20/kg in a business turn-over of 947 lots. The Nickel for delivery in January edged up by Rs 1.80, or 0.24 % to Rs 759.10 /kg in 47 lots.

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