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Wednesday, 9 May 2018

EPIC RESEARCH MCX COPPER UPDATE OF 9 MAY 2018

Copper trading range for the day is 443.9-467.1. Copper prices fell as the effect of a strengthening dollar overshadowed positive trade data from China. China's imports of copper rose 2.8 percent from month ago to 442,000 tonnes in April, data from the General Administration of Customs showed. Headline copper inventories in LME-registered warehouses fell to 302,625 tonnes, the least in three months but far more than December’s 183,525 tonnes.

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