EPIC RESEARCH MCX COPPER UPDATE OF 6 MAY 2016
Posted by Unknown on 11:26:00 with No comments
Copper trading range for the day is 314.1-327.7. Copper dropped as a stronger dollar prompted commodity markets to take a breather after April's broad-based rally.
Glencore said it had reduced output of copper by 4% during the first three months of the year to 335,000 tonnes, reflecting planned suspensions.
Signalling a shortage in nearby physical stocks of metal, copper for delivery Friday flared out to an $8.50 premium against delivery.
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