Copper Futures Little Changed On Tight Supply Data

Copper futures were little changed during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal after data showing the metals’s shift to global a supply deficit.
According to the industry data released this week, the global world refined copper market showed a 5,000 tonne deficit in March, against 102,000 tonne surplus in February.
At the MCX, copper futures for June 2017 contract is trading at Rs 370.30 per kg, up by 0.03 per cent, after opening at Rs 370, against a previous close of Rs 370.20. It touched the intra-day high of Rs 370.75 (at 14:22 hours).
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Aluminium Futures Keep Head Above Water

Aluminium futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal amid an increase in physical demand for aluminium at the domestic spot market.

Further, a rise in physical demand for aluminium at the domestic spot market was led by building up of fresh bets by traders in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for June 2017 contract is trading at Rs 120.40 per kg, up by 0.12 per cent, after opening at Rs 120.50, against a previous close of Rs 120.25. It touched the intra-day high of Rs 120.50 (at 10:27 hours).
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Subdued Physical Demand Drags Down Lead Futures By 0.29%

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal on muted physical demand for lead, from battery-makers, in the domestic spot market.
Further, a decline in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.
the MCX, lead futures for June 2017 contract is trading at Rs 139.85 per kg, down by 0.29 per cent, after opening at Rs 140.05, against a previous close of Rs 140.25. It touched the intra-day low of Rs 139.85 (at 10:31 hours).
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Yellow Metal Inches Up As Equities Fall

Gold futures were trading higher during afternoon trade in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal on safe-haven demand as equities fell and the greenback eased following a plunge in crude oil prices
Further, a renewed drop in oil markets put Asian investors on edge, and pushed down US Treasury yields and the dollar index against a basket of other currencies.
At the MCX, gold futures for August 2017 contract is trading at Rs 28598 per 10 grams, up by 0.25 per cent, after opening at Rs 28590, against a previous close of Rs 28526. It touched the intra-day high of Rs 28634 (at 14:27 hours).
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Rama Steel Tubes Installed A Solar Project At Khopoli

On Monday, Rama Steel Tubes Installed a solar project at Khopali facility, Maharashtra. The project will provide 1000 MWh/ year of energy; this same amount of energy is needed to power the installed and upcoming capacities. The project has a capacity of 750 kW, will generate the same amount of energy needed to power the current as well as the planned upcoming capacity.
Rama Steel Tubes Ltd is focused on Manufacturing and trading of steel and pipes, and also manufacturing and export electric resistance weld (ERW) steel tubes.
On BSE the Rama Steel Tubes were trading higher by 2.4% at Rs 135.65/ share. Its closest peers are APL Apollo Tubes and Ratnamani Metals Tubes.
The stock of the company has delivered returns of more than 35% in a period of a one year and has a outperformed BSE Metal index and underperformed BSE small cap over the same period.
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Aluminium Futures Keep Head Above Water

Aluminium futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal amid uptick in physical demand for aluminium at the domestic spot market.
Further, a surge in physical demand for aluminium at the domestic spot market was led by building up of fresh bets by traders in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for July 2017 contract is trading at Rs 1074.50 per kg, up by 0.28 per cent, after opening at Rs 1103.60, against a previous close of Rs 1071.50. It touched the intra-day high of Rs 1103.60 (at 10:13 hours).
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Crude Oil Futures In Reverse Gear

Crude oil futures were trading lower during noon trade in the domestic market on Tuesday as investors and speculators exited their positions in the energy commodity amid persistent signs of rising supply which undermined an OPEC and other producers’ efforts to support prices.
Besides, OPEC supplies jumped in May as output recovered in Libya and Nigeria, 2 countries exempt from the production cut agreement, too influenced crude oil prices. At the MCX, crude oil futures for July 2017 contract is trading at Rs 2878 per barrel, down by 0.62 per cent, after opening at Rs 2882, against a previous close of Rs 2896. It touched the intra-day low of Rs 2875 (at 12:07 hours).
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