| Base Metal Tips |
Copper futures withdraw on Tuesday as financier & speculators stuck to a cautious approach ahead of data which may show a deepening slowdown in China, the world’s biggest metals consumer, darkening the demand prospects for industrial metals.
Wednesday’s GDP numbers may show that China’s economic growth may be slowed to 6.8% in Q2 from 7% in the March quarter.
China’s new lending accelerated in June as banks and financial institutions provide 1.27 trillion yuan value loans, up from 900.8 billion yuan in May while transfer back a drop and money supply growth quickened, helping to ease evolves over a slacking off.
At the MCX, Copper futures for August 2015 contract is trading at Rs 357.90 per 1 kg, down by 0.42% after gonna start at Rs 358.85, against the last ending price of Rs 359.40. It blow the stock movements up to Rs 357.35. At 12 o'clock.
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