EPIC RESEARCH MCX COPPER UPDATE OF 11 MAY 2018

Posted by Commodity Updates by Epic Research on 12:53:00 with No comments
Copper trading range for the day is 452.7-470.1.

Copper prices rose on falling inventories and strong import numbers from top consumer China continued.

China imported 442,000 tonnes of unwrought copper in April, according to customs data released this week, the highest monthly total so far in 2018.

China's producer inflation picked up for the first time in seven months in April, bolstered by surging commodities prices and suggesting its industrial demand remains resilient.

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