EPIC RESEARCH MCX COPPER UPDATE OF 5 MAY 2016
Posted by Unknown on 11:55:00 with No comments
Copper trading range for the day is 321.5-331.9. Copper dropped as weak global manufacturing activity unsettled markets only recently soothed by signs of a possible pickup in China's economy.
China’s refined copper output in 2016 will probably remain around last year’s levels, as output cuts pledged in December are offset by new capacity.
Global manufacturing growth almost stalled last month as rising prices halted an upturn in new orders, a survey showed.
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