EPIC RESEARCH MCX COPPER UPDATE OF 28 JULY 2017

Posted by aditi on 12:20:00 with No comments

Copper trading range for the day is 404.5-412.9. Copper prices hit a two-year high on news of slowing global supply and rising Chinese demand for the metal. Chile forecast 2017 copper production at 5.6 million tonnes, a 0.8 per cent rise from 2016. China may ban imports of some scrap metal, from the end of 2018, according to an industry association notice, which may lead to higher refined copper imports.

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