Gold Silver Reports — Zinc prices are holding steady, continuing to do better than other non-ferrous metals such as copper and aluminium. Sharp tightening in supply appears to be the main reason.
Aluminium
Copper MCX May Trading Levels of 308-316
Gold Silver Reports — Copper may move in the range of 308-316. Lead can hover in the range of 113.50-115 while zinc can move in the range of 125 -129. Nickel may move in the range of 555-580 in MCX. Aluminum can move in the range of 103-106 in MCX.
Aluminium Price Up on Short Covering
Gold Silver Reports ~ Aluminium on MCX settled up 0.75% at 107.4 driven by expectations for demand recovery in Chinese aluminum market.
Aluminium Import Duty Hikes to 7.5%: Jaitley
Gold Silver Reports – Metal sector bleeding from rising production cost, weak demand and cheap import from China are upset at the Budget as the plea from Aluminum Industries to increase import tariff to double from 5% to 10% to support the local players have gone unheard.