EPIC RESEARCH MCX COPPER UPDATE OF 20 JULY 2016
Posted by Unknown on 11:47:00 with No comments
Copper trading range for the
day is 329.9-342.5.
Copper prices gained as expectations of fresh economic stimulus in Europe buoyed demand for the metal.
Copper canceled warrants, or orders to remove metal from LME-tracked warehouses, climbed 5 percent to the highest since November.
China, the world’s top producer of refined copper, boosted output by 7.6 percent in the first half as margins rose.
Copper prices gained as expectations of fresh economic stimulus in Europe buoyed demand for the metal.
Copper canceled warrants, or orders to remove metal from LME-tracked warehouses, climbed 5 percent to the highest since November.
China, the world’s top producer of refined copper, boosted output by 7.6 percent in the first half as margins rose.
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