EPIC RESEARCH MCX COPPER UPDATE OF 9 MAY 2016
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Copper trading range for the day is 315.8-324.6. Copper prices ended with gains as the U.S. currency slid after a weak U.S. April jobs report.
The economic recovery in the euro area is expected to continue, supported by household consumption and rebounding investments, but risks remain on the downside.
Signalling a shortage in nearby physical stocks of metal, copper for delivery flared out to an $8.50 premium against delivery.
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