Opening Bell: Base Metals Market Update

  • Base metals prices opened trading on a negative note today as against yesterday’s closing levels. Zinc and copper prices trended lower by over 4% and 2% in morning trade. However, stocks of base metals were down, with copper falling more than 1.5% d-o-d, equal to 1,875 t.
  • Brent oil slid 3.03% to almost $110/barrel and crude oil WTI futures dived nearly 4% to $105.83/barrel.

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