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Thursday, 14 March 2019

EPIC RESEARCH MCX Copper UPDATE OF 14 March 2019


Copper trading range for the day is 447.4-458.4.

Copper prices recovered from lows as the dollar weakened and last-minute tweaks to Britain's Brexit deal revived appetite for riskier assets.

China's metal traders are betting that recently announced manufacturing tax cuts will start in May and are placing trades that pay off as prices diverge between the April and May contracts.

Hedge funds and money managers raised their net long position in copper contracts during the week, the data showed.

Warehouse stock for Copper at LME was at 111775mt that is down by -950mt.


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