EPIC RESEARCH MCX COPPER UPDATE OF 01 June 2018

Posted by Commodity Updates by Epic Research on 13:54:00 with No comments
Copper trading range for the day is 450.8-465.

Copper slipped after inventories rose, indicating supplies were healthy.

China’s data showed its vast manufacturing sector grew at the fastest pace in eight months in May, easing concerns about an economic slowdown

The official Purchasing Managers’ Index rose to 51.9 in May, from 51.4 in April, topping expectations for a dip to 51.3.

Warehouse stock for Copper at LME was at 311525mt that is up by 28150mt.


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