EPIC RESEARCH MCX COPPER UPDATE OF 22 DECEMBER 2016

Posted by aditi on 11:27:00 with No comments
Copper trading range for the day is 372.5-379.9. Copper remained under pressure from worries about an oversupplied market and funds cutting bets on higher prices over coming days. ICSG fell to 29,000 tonnes in the Jan-Sept period from a deficit of 227,000 tonnes between January and June. The easier availability of metal pressured premiums for copper in Shanghai bond down by $5 to $80, the lowest since late October.



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