EPIC RESEARCH MCX COPPER UPDATE OF 10 JUNE 2016
Posted by Unknown on 11:40:00 with No comments
Copper trading range for the day is
292.7-312.3.
Copper fell to close at 301.70 while prices dropped to its lowest in nearly four months, hit by a stronger dollar.
Also weighing on copper this week is a 39 percent surge in LME inventories over the past week to above 213,000 tonnes.
The Shanghai Futures Exchange was closed for a second day for the Dragon Boat Festival holiday, markets will reopen on Monday.
Copper fell to close at 301.70 while prices dropped to its lowest in nearly four months, hit by a stronger dollar.
Also weighing on copper this week is a 39 percent surge in LME inventories over the past week to above 213,000 tonnes.
The Shanghai Futures Exchange was closed for a second day for the Dragon Boat Festival holiday, markets will reopen on Monday.
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