EPIC RESEARCH MCX COPPER UPDATE OF 10 MAY 2016
Posted by Unknown on 14:18:00 with No comments
Copper trading range for the day is 308.5-321.9. Copper dropped after the dollar withstood a weaker U.S. jobs report that largely kept rate hike expectations intact.
China's imports of copper fell 21.1 percent from record levels one month ago to 450,000 tonnes in April, data from the General Administration of Customs showed.
Hedge funds and money managers raised their net long positions in COMEX copper contracts in the week to May 3, U.S. CFTC data showed.
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