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Thursday, 16 November 2017

EPIC RESEARCH MCX COPPER UPDATE OF 16 NOVEMBER 2017

Copper trading range for the day is 434.3-445.9. Copper settled down while prices recovered from the day's low while prices holding near to five-week low as markets calmed after a spate of China data showed its economy cooled in October.Metals slid sharply as data from China stoked fears of a slowdown in the world's top commodities consumer, with falls in oil and global stocks indicating broad-based risk aversion amongst investors. China's economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution.









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