EPIC RESEARCH MCX COPPER UPDATE OF 27 MAY 2016

Posted by Farhan Khan on 12:09:00 with No comments
Copper trading range for the day is 309.8-318.8.              
Copper prices dropped dragged lower by expectations that a likely U.S. interest rate rise in the next two months will boost the dollar             
Some of the recent rise has been due to seasonally strong demand in China, which is likely to fade over coming months.              
Reflecting the weak demand outlook in China are falling premiums for copper shipments to Shanghai, have fallen to $55 a tonne, the lowest since February 2013.


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