MCX Zinc settled down 0.42% at 191.5 as pressure seen after China’s industrial output grew significantly slower than expected in October despite of decline in LME zinc inventories. China’s central bank lowered the interest rate on reverse repurchase agreements by five basis points, the first reduction in the short-term liquidity tool in more than four years.
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MCX Copper Tips Today – Copper Selling Call Rocking 440—432.70 – Loot Lo Dabbe Wale Ko – Neal Bhai Reports
MCX Copper Tips Today – Copper Selling Call Rocking
Watch MCX Copper Price 440—432.70 – Loot Lo Dabbe Wale Ko
MCX Copper (Oct) Weaker Below ₹455, Any Rise Fresh Selling; Down Side Support ₹430
BASE METAL TIPS – MCX Copper settled down 0.11% at 440.85 as China’s factory activity is expected to have contracted for a fifth straight month in September. Pressure also seen after the release of a whistleblower complaint against U.S. President Donald Trump added to uncertainties about the global economy, already reeling from the China-U.S. trade war.
MCX Copper Tips Rocking 446 To 441.05 – Copper Melt Like ICE
MCX Copper Tips – MCX Copper settled down 0.93% at 443.4 as the market awaited news from the US-China trade talks. The steady economic growth pace in the United States was also underscored by other data showing home resales rising in August to a 17-month high.
Live Base Metal Tips – MCX Zinc (Oct) Below 182, Sell on Rise – Neal Bhai
MCX Zinc settled down 0.57% at 183.1 as deliveries to LME-approved warehouses lifted LME zinc inventories for two consecutive days, but the stocks are unlikely to further grow.
![Nickel at 5-Week Low [05 September 2024]](https://www.goldsilverreports.com/wp-content/uploads/2019/09/Nickel-base-metals-gsr.jpg)
MCX Nickel Tips – Free Nickel Metal Market Trading Tips & Target ₹1610
The premium of LME nickel cash over the three-month contract fell further to a three-week low of $15 a tonne, indicating a supply crunch has eased. Manufacturing activities across nickel downstream sectors barely improved from a month ago in August, remaining in contraction for the fifth consecutive month, showed an SMM survey on Wednesday September 4.
BASE METAL TIPS – MCX Zinc Tips – Above 182 Buy 10—20—50 Lots for Target 192—195
The global zinc market swung into a 10,900 tonne surplus in June from an upwardly revised deficit at 38,200 tonnes May, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first half of the year, the global deficit rose to 134,000 tonnes from 103,000 tonnes in the same period last year.
MCX Zinc Base Metal Commodity Trading Tips CMP- 182 Dt 26 Aug 2019
Markit also reported that Germany’s factory sector remained in contraction, raising concerns over the global economy. The German IHS Markit PMI for manufacturing rose marginally to 43.6 in August, from 43.2 in July. Meanwhile, services PMI hit a seven-month low level of 54.4 as against the previous month?s reading of 54.5 and 54 anticipated.