EPIC RESEARCH MCX Copper UPDATE OF 18 February 2019

Posted by Commodity Updates by Epic Research on 11:41:00 with No comments


Copper trading range for the day is 430.6-448.2.

Copper rallied after better than expected lending data in China, the world's biggest consumer, bolstered the demand outlook.

Given that supply of copper is tight, better demand from China should raise prices to about $6,500 if consumption elsewhere does not collapse.

On-warrant stocks of copper available to the market in LME-registered warehouses fell to 74,600 tonnes, nearing 13-year lows reached in October.

Warehouse stock for Copper at LME was at 143175mt that is down by -2350mt.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > +917316642316

Connect with our social media sites

FacebookTwitterYouTubePinterestLinkedinGoogle+