EPIC RESEARCH MCX Copper UPDATE OF 15 April 2019

Copper trading range for the day is 440.2-457.4.

Copper prices rose as a weaker dollar and robust new loans data from China reinforced expectations of healthy demand during the seasonally strong second quarter.

Chinese banks extended 1.69 trillion yuan ($251.6 billion) in net new yuan loans in March, compared with expectations of 1.2 trillion yuan.

China imported 391,000 tonnes of unwrought copper last month, up 25.7 percent from 311,000 tonnes in February and 26.5 percent higher than March 2018.

Subscribe now for best COMMODITY TIPS
For quick free trial click here < +917316642316

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+