EPIC RESEARCH MCX COPPER UPDATE OF 1 AUGUST 2016
Posted by Unknown on 12:15:00 with No comments
Copper trading range for the
day is 323.5-334.7.
Copper prices recovered from lows boosted by a lower dollar, which fell after data showed US grew at a slower pace than expected in the second quarter While recent data on China’s copper imports also boosted optimism over strong demand.
Refined Copper production from scrap increased 5.5% year on year to 1.307 million tons in the opening four months of 2016, as per ICSG report.
Copper prices recovered from lows boosted by a lower dollar, which fell after data showed US grew at a slower pace than expected in the second quarter While recent data on China’s copper imports also boosted optimism over strong demand.
Refined Copper production from scrap increased 5.5% year on year to 1.307 million tons in the opening four months of 2016, as per ICSG report.
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