MCX Aluminium Above 125 Target 138—142

MCX Aluminium Above 125 Target 138—142, Buy on Dips

MCX Aluminium Above 125 Target 138—142, Buy on Dips – Aluminium on MCX settled up 0.04% at 130.85 gained from the day’s low on short covering tracking 3-month aluminium price on the London Metal Exchange which was little changed on Tuesday February 19, with continued volatility in stock flows across LME-listed Malaysian warehouses doing little to jolt the metal’s stagnant price action.

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MCX Extend Trading Hours

Multi Commodity Exchange (MCX) INDIA

Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is India’s largest commodity derivatives exchange where the clearance and settlements of the exchange happens and the turnover of the exchange for quarter ended December 2017 was 12.82 trillion rupees. MCX offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and a number of agricultural commodities (mentha oil, cardamom, crude palm oil, cotton and others).

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Gold Up But on Path for Longest Monthly Losing Streak in Two Decades - GSR

MCX Sees Record Turnover, Volumes in Gold Options

Gold Silver Reports (GSR) – MCX Sees Record Turnover, Volumes in Gold Options — Multi Commodity Exchange of India Ltd (MCX) witnessed a record turnover and volume of Rs 2,021 crore and 6443 kilograms (kg) respectively on Tuesday in gold options contract, according to a release issued by the exchange. 

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Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries

Gold Silver Reports (GSR) – Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries – A 30,075-tonne delivery of zinc into LME-approved warehouses in Antwerp yesterday rattled price sentiment for the metal. The LME’s three-month zinc price closed down by 2.5% or $77 per tonne at $3,135 per tonne on Wednesday, with this weakness filtering through to prices on the SHFE.

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Base Metal Prices Today

Braking News; Base Metals Drift Lower on LME; Novelis No Longer Purchasing Aluminium from Rusal; China to ban Category 7 Copper Scrap Imports by Year End

The latest Base Metals news and price moves to start the Asian day on Friday April 20.          

Base metal prices on the London Metal Exchange were lower at the close of trading on Thursday April-19-2018 despite aluminium volumes reaching a recordHigh of 41,000 lots. Read more in our live futures report.          

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Metal Stocks Gain After Aluminium, Copper Prices Rise On LME

Gold Silver Reports (GSR) – Metal Stocks Gain After Aluminium, Copper Prices Rise On LME – Shares of metal producers were trading higher led after copper and aluminium prices rose in international markets. Aluminium prices settled 5.49 percent higher on the London Metal Exchange. While, copper rose 2.1 percent in trade yesterday.

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Hindalco, Vedanta Gain After Aluminium Rises In International Market

Hindalco, Vedanta Gain After Aluminium Rises In International Market 

Shares of Hindalco and Vedanta rose as much as 2.8 percent and 2.7 percent each respectively after aluminium prices rose in international markets after buyers stopped buying aluminium from the world’s largest manufacturer — Rusal following sanctions imposed by U.S.           

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