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Monday, 11 April 2016

EPIC RESEARCH MCX COPPER UPDATE OF 11 APRIL 2016

Copper trading range for the day is 304.9-310.7.              
Copper gained helped by a lower dollar but prices dropped on concerns about when demand will grow again and ample supply in China               
China may be about to shock the global copper market by unleashing some of its stockpiles of the metal, which are near record highs, onto the global market.  
China's refined copper exports averaged less than 10,000 tonnes a month in the first two months of 2016, and around 17,000 a month in 2015.

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