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Friday, 27 January 2017

EPIC RESEARCH MCX COPPER UPDATE OF 27 JANUARY 2017

Copper trading range for the day is 400.9-412.5. Copper pared gains on profit booking after prices rose as worries about supplies from Chile due to the possibility of a strike triggered renewed buying. Unionised workers at BHP Billiton-run Escondida in Chile, the world's biggest copper mine rejected the company's latest wage offer and asked workers to vote for a strike and prepare for an extended conflict. Workers at the mine which produced 452,000 tonnes of copper in the six months to end-December will vote on the proposal between Jan. 27-31.

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