EPIC RESEARCH MCX COPPER UPDATE OF 14 MAY 2018

Posted by Commodity Updates by Epic Research on 12:52:00 with No comments
Copper trading range for the day is 460.3-469.1.

Copper prices gained as support seen amid signs of more lending in China, the world’s top consumer of metals

Chinese banks extended 1.18 trillion yuan in net new yuan loans in April, up slightly from March and higher than expected.

China's refined copper output came in at 737,800 mt in April, up 3.4% month on month and up 14.2% year on year, survey showed.

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