EPIC RESEARCH MCX COPPER UPDATE OF 26 MAY 2016

Posted by Farhan Khan on 11:07:00 with No comments
Copper trading range for the day is 309.8-318.4.              
Copper prices gained as investors bought futures to close positions betting on price falls, unsure about the short-term market direction due to mixed signals from China.       
Also supporting copper were LME warehouse cancellations of about 18,000 tonnes over the past two days.     
Latest China data souring the mood included copper exports that surged by 38 percent to 32,371 tonnes while refined imports rose by only 3.7 percent to 341,677 tonnes.


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