EPIC RESEARCH MCX COPPER UPDATE OF 15 JULY 2016

Posted by Farhan Khan on 11:34:00 with No comments
Copper trading range for the day is 330.8-337.4.              
Copper trimmed gains after BOE failed to cut interest rates as expected, although investors still hoped for China to give more stimulus to its economy.
Chinese copper smelters are likely to increase production as processing fees become more lucrative given a surplus of mine supplies.
China's economy grew 6.7 percent in the second quarter from a year earlier, steady from the first quarter.


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