EPIC RESEARCH MCX COPPER UPDATE OF 21 MAY 2018
Posted by Commodity Updates by Epic Research on 13:03:00 with No comments
Copper trading range for the day is 457.7-468.7.
Copper fell as uncertainties over the outlook for global growth and week’s burst of dollar strength weighed on prices.
China's refined copper output in April jumped 12.3 percent compared to same period last year to 778,000 tonnes, data from the National Bureau of Statistics showed.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 3.9 percent from last Friday, the exchange said.
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