EPIC RESEARCH MCX COPPER UPDATE OF 30 JANUARY 2017
Posted by aditi on 11:07:00 with No comments
Copper trading range for the day is 397.9-408.3. Copper prices ended with losses as the dollar strengthened, with trading volumes lean as the week-long Lunar New Year holiday kicks off in China. However downside seen limited buoyed by expectations that supply disruptions could tighten the market. Freeport-McMoRan warned it would need to start slashing output at its Indonesia mine to about 40 percent of capacity if it fails to get a government export permit.
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