EPIC RESEARCH MCX COPPER UPDATE OF 08 SEPTEMBER 2017

Posted by aditi on 11:47:00 with No comments
Copper trading range for the day is 439.2-450.8.Copper prices dropped as doubts about the strength of demand in top consumer China triggered profit-taking, though declines were kept in check by a weaker dollar.China accounts for nearly half of global copper demand estimated at about 23 million tonnes this year.Optimism in the copper market surged in July after news of a Chinese proposal to ban imports of some scrap metal from the end of 2018.

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