Mumbai -Taking negative cues from London Metal Exchange, Base metals on MCX quoted lower in the opening session of trade today on profit booking. Sentiments are yet to be recovered due to persistent uncertainty over financial turmoil. As per traders, prices of base metals were seen firm in last few days due to buying at lower levels but todays profit booking has underpinned sentiments so far as persistent financial chaos has led to decline base metals demand sharply.On Multi Commodity Exchange Aluminum Feb delivery opened lower by Rs. 0.35 at Rs 65.80 per kg. After trading in between Rs. 65.60- 65.80 per kg, quoted last lower by Rs. 0.50 at [10.14 am IST] Rs. 65.85 per kg. Total volume was 15 lots.
Copper Feb delivery opened lower by Rs. 0.95 at Rs. 165.15 per kg. It got traded in between Rs. 163.20 -165.20 per kg. At 10.39 PM IST it recorded down by Rs. 2.35 at Rs. 163.75 per kg. Copper April delivery also traded down by Rs. 1.95 at Rs. 171.20 per kg. Traded volumes for Feb and Apr delivery were 3628 and 458 lots.
Lead Feb delivery opened down by Rs. 0.25 at Rs. 55.90 per kg and got traded in between Rs. 55.80-56.00 per kg. At 10.39 IST it was at Rs. 55.90 per kg.low by Rs. 0.25. Total traded volume was 104 lots.
Nickel Feb delivery opened down by Rs. 1.80 at Rs. 503.80 per kg and got traded in between Rs. 499.20- 503.80 per kg. At 10.42 IST it was at Rs. 501.90 per kg.lower by Rs. 4.80. Total traded volume was 469 lots.
Zinc Feb delivery opened lower by Rs. 0.40 at Rs. 55.25 per kg. It got traded in between Rs. 55.30-55.50 per kg. At 10.44 IST it recorded down by Rs. 0.20 at Rs. 55.45 per kg. Traded volumes for Feb delivery was 173 lots.