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Wednesday, 20 April 2016

EPIC RESEARCH MCX COPPER UPDATE OF 20 APRIL 2016

Copper trading range for the day is 311.4-333. 
Copper gained boosted in recent days by economic data showing a surge in new debt has fuelled a recovery in industrial production and investment in China.   
Stockpiles in LME-approved Asian warehouses rose 53 percent from a recent 15-month low, while SHFE inventories fell for four weeks from a record.  
Two major copper mines suspended its operations due to heavy rains in central Chile, combining annual capacity of 880,000 tonnes

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