EPIC RESEARCH MCX COPPER UPDATE OF 22 AUGUST 2016

Posted by Anmol Shah on 12:16:00 with No comments
Copper trading range for the day is 318.7-324.3. Copper gained after trading in the range as persistent concern about excess copper supply in the second half limited the upside. According to WBMS, global copper market was in a supply deficit of 197,000 tons in H1 2016. Chinese copper concentrate imports from Peru shot up nearly 95% year-on-year during the first half of this year, according to latest data.

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