Zinc traded with the negative node as markets were worried that increasing pressures in Hungary's financial system.
Deposits with ECB reached a fresh record high, causing the euro to dive to the lowest level since September 2010
Zinc daily stocks at Shanghai exchange came up by 856 tonnes
Nickel trading range is 973.4-1005.6.
Nickel steadied as upbeat US data brought a pause in selling pressure, although the respite was temporary.
Better than expected initial jobless claim from the US suggested improvement in the US employment market
Base metal prices slumped along with non-US dollar currencies due to ongoing concern over the European debt crisis
Copper trading range is 394.2-411.2.
Copper fell to a one-week low amid ongoing fears over the euro zone’s debt crisis.
Prices came under further pressure from news that union workers at Freeport headed back to work.
France is viewed as being at high risk fuelling concerns that the region’s ongoing debt crisis will worsen.
Crude trading range is 5374-5500.
Crude oil held on to losses after government data showed crude supplies rose unexpectedly last week
Crude prices came under additional pressure as concerns over the euro zone’s debt crisis lingered.
A EU diplomat said that EU countries had agreed on principle to launch an oil embargo on Iran.
Copper trading range is 394.2-411.2.
Copper fell to a one-week low amid ongoing fears over the euro zone’s debt crisis.
Prices came under further pressure from news that union workers at Freeport headed back to work.
France is viewed as being at high risk fuelling concerns that the region’s ongoing debt crisis will worsen.
Gold trading range is 27410-28080.
Gold futures erased gains as dollar rallied against the euro amid ongoing fears over debt crisis.
Earlier spot gold hits fresh two-week high at $1,625.30/oz
Gold bullishness was aided by Italy's largest bank UniCredit saying it will sell shares to raise USD9.8 billion.
Silver trading range is 51403-53657.
Silver futures continued their advance on deepening euro zone debt concerns despite a soaring U.S. dollar.
Spanish PM may apply for ECB and IMF loans added to the negative euro sentiment adding to the gold positive sentiment.
Holdings at ishares silver trust dropped by 30.24 tonnes to 9516.75 tonnes
Natural Gas trading range is 152.4-168.6.
Natural gas futures remained sharply lower amid lingering concerns over elevated inventory levels.
Total U.S. natural gas storage stood at 3.472 trillion cubic feet as of last week.
Gas futures typically climb during the winter months, as temperatures fall and demand for heating fueled by natural gas rises.
Natural Gas trading range is 152.4-168.6.
Natural gas futures remained sharply lower amid lingering concerns over elevated inventory levels.
Total U.S. natural gas storage stood at 3.472 trillion cubic feet as of last week.
Gas futures typically climb during the winter months, as temperatures fall and demand for heating fueled by natural gas rises.
Aluminium trading range is 106.2-109.2.
Aluminium closed down tracking LME which dropped -1.93 percent at $2,036 a tonne on euro cries.
News that Rio Tinto Alcan has declared force majeure on aluminium output from two of its smelters in Canada.
Bankrupt primary aluminium producer ZALCO is in talks with eight potential buyers for a takeover of part.
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