EPIC RESEARCH MCX Copper UPDATE OF 8 April 2019
Posted by Commodity Updates by Epic Research on 11:27:00 with No comments
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Copper trading range for the day is 439-450.
* Copper prices ended with losses due to pressure from rising supply despite of hopes that the United States and China could soon strike a trade deal.
* Copper stockpiles in LME-approved warehouses surged and inventories at warehouses tied to the ShFE remained near a nine-month high.
* Copper inventories in LME-registered warehouses leaped by 30,375 tonnes to 198,325 tonnes, the highest in six months.
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