EPIC RESEARCH MCX COPPER UPDATE OF 05 MAY 2017

Copper trading range for the day is 351.9-366.3. Copper prices ended with losses on rising inventories and worries over cooling demand. Inventories in LME warehouses rose nearly 33,000 tonnes, exchange data showed, bringing this week's increase to 64,000 tonnes, or 25 percent. Copper output in Democratic Republic of Congo, hit 274,316 tonnes in the first quarter of 2017, a more than 20 percent increase over the same period last year.




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