9/21/2010 06:24:00 PM
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In last trade, Copper future ended in red at 354.15 per kilogram after testing high at 357.95 in intraday trades. In 1st trading session price maintained uptrend but due to profit booking on pick levels price dropped due to speculative activity. On Tuesday, at MCX counter Copper September delivery contract opened slightly lower at 353.55 gained by 0.05 percent with total volume 28908 lots. In morning trades, Copper price tracks metals prices and also dropped immensely from high levels.
Copper price quietly recovered after released of inventory at London Metal Exchange (LME). Today released inventory dropped by more than 2000 tons.
Turmeric future surges 2% on dim supply
Turmeric prices rose by Rs 266, or nearly 2 per cent, to Rs 12,500 per 100 kg in futures trade, as speculators enlarged their positions, driven by less supply and export enquiries.At the National Commodity and Derivatives Exchange counter, turmeric for delivery in November traded higher by Rs 266, or 2 per cent, to Rs 12,500 per 100 kg, while delivery in October contract shot up by Rs 256, or 1.95 per cent to Rs 12,862 per 100 kg. The spice for delivery in December month contracts also gained Rs 200, or 1.90 per cent, to Rs 11,802 per 100 kg.
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