EPIC RESEARCH MCX COPPER UPDATE OF 28 JULY 2016
Posted by Unknown on 11:48:00 with No comments
Copper trading range for the
day is 321.3-335.1.
Copper dropped to near 1 week lows as sentiments soured in China, also declined due to supply concerns, as mines ramp up in Peru.
Entire base metals complex was pressured by a stronger dollar ahead of the US central bank decision on interest rates.
Copper output in Peru surged 61 percent in May compared with the same month in 2015.
Copper dropped to near 1 week lows as sentiments soured in China, also declined due to supply concerns, as mines ramp up in Peru.
Entire base metals complex was pressured by a stronger dollar ahead of the US central bank decision on interest rates.
Copper output in Peru surged 61 percent in May compared with the same month in 2015.
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