Non-ferrous metals prices on all major exchanges remained volatile in the last trading session on 9 March, 2023.
Three-month contract prices on the London Metal Exchange (LME) witnessed mixed movement in the last session. Aluminum prices inched down by 0.3%, zinc inched up by 0.1% and lead was down by 0.3%, while copper inched up by 0.3% and nickel was down by 1.7%.
MCX futures prices opened on a negative note today. Nickel opened 1% lower at INR 2,093/kg, lead fell by 0.05% to INR 182/kg and copper decreased by 0.92% to INR 747/kg. Aluminium inched down by 0.71% to INR 203/kg, while zinc was down 1.31% to INR 259/kg.
The number of job openings decreased to 10.8 million on the last business day of January, the U.S. Bureau of Labor Statistics reported recently. Job openings, a measure of labor demand, decreased by 410,000 to 10.8 million on the last day of January.
Oil prices inch down
Brent oil futures inched down by 1.6% to $81.4 per barrel. Crude oil WTI futures inched down by 1.5 to $75.13 per barrel.
Prices of natural gas were recorded at $2.518/MMBtu at the time of publishing this insight. Prices of natural gas inched down by 1.3% as against the last closing.
Dollar index
The dollar index, which gauges the value of the dollar in a basket of six different currencies, hovered at 105.23 at the time of publishing this insight. The index inched down by 0.06% against the last session.
The rupee was recorded at 82.06 against the US dollar, depreciating 0.26 paise as against the previous closing.
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