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Commodity Post Session News

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(16 Apr 2025, 17:49)

Copper pulls back, MCX futures down half a percent

COMEX Copper pulled back today, easing amid mostly lax cues from global equities. The red metal currently trades at $4.57 per pound, down 1.20% on the day. Economic cues from China are supportive though and could keep Copper underpinned. MCX Copper futures are down 0.48% at Rs 835 per kg. China's gross domestic product grew 5.4 percent year on year in the first quarter, compared with an annual growth of 5% last year. The country's value-added industrial output rose 7.7 percent year on year in March. During the January-March period, the value-added industrial output increased 6.5 percent year on year, accelerating from a rise of 5.9 percent registered in the first two months of the year.
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