Opening Bell: Base Metals Market Update

  • Base metals prices opened lower today as against yesterday’s closing levels. Zinc prices were down by over 5% in morning trade, aluminium fell nearly 2.5% while nickel prices remained largely stable. Stocks of base metals were almost same as yesterday.
  • Brent oil fell to $109.78 per barrel and crude oil WTI futures fell to $104 per barrel at the time of reporting,
  • Notably, domestic primary players have increased aluminium ingot prices today.

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