EPIC RESEARCH MCX COPPER UPDATE OF 31 JULY 2017

Posted by aditi on 11:46:00 with No comments

Copper trading range for the day is 401.3-413.3. Copper ended with small gains as market started to digest the news of “category 7” scrap metal import ban. Chilean state copper commission Cochilco forecast average global copper prices of $2.64 per pound in 2017, a slight upward revision from $2.60 previously.Copper inventories in Shanghai bonded zone decreased on a weekly basis during July 24-28.

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