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Copper trades lower on demand concerns from China

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LONDON (Commodity Online): Copper prices came under pressure today as gains in the past month kept Chinese buyers away and the Euro Zone debt crisis continued to weigh on sentiment, said Angel Commodities in a research note.

LME Copper was down by 0.6 percent at $8400/tonne till 4.30 pm IST and in the Indian markets prices were trading lower by 0.7 at Rs415.80/kg. Additionally, a stronger dollar also exerted further downside pressure on prices.

MCX Light Sweet Crude Oil 19 June 2012 contract was trading at Rs 5241 , up Rs. 233 . What's your view on it?
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