EPIC RESEARCH MCX COPPER UPDATE OF 15 JUNE 2016
Posted by Unknown on 12:28:00 with No comments
Copper trading range for the day is
301.7-307.5.
Copper dropped as the stronger dollar and uncertainty created by a British vote on leaving the European Union hit sentiment.
Official industrial production in China, rose 6% from a year earlier in May, suggesting that policy makers have underpinned the near-term outlook with monetary stimulus.
The unwrought copper and copper semis imports was 430,000 mt in China in May, falling 4.4% from 450,000 mt in April.
Copper dropped as the stronger dollar and uncertainty created by a British vote on leaving the European Union hit sentiment.
Official industrial production in China, rose 6% from a year earlier in May, suggesting that policy makers have underpinned the near-term outlook with monetary stimulus.
The unwrought copper and copper semis imports was 430,000 mt in China in May, falling 4.4% from 450,000 mt in April.
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