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Monday 16 May 2016

EPIC RESEARCH MCX COPPER UPDATE OF 16 MAY 2016

Copper trading range for the day is 306.4-313. 
Copper rose after a string of declines as some investors closed out positions that had been betting on lower prices.   
Codelco, sees prices rising toward the end of next year as investment cuts hasten a re-balancing of global supply and demand.            
SHFE stocks have fallen more than 26,000 tonnes; there is growing speculation location that metal will continue to out to LME warehouses in the coming weeks

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