EPIC RESEARCH MCX COPPER UPDATE OF 12 DECEMBER 2017

Posted by aditi on 12:08:00 with No comments

Copper trading range for the day is 422-437.6. Copper prices edged higher following robust trade data from China. China's rising copper imports "backs up view that a tightening copper-concentrate market is pushing many buyers into the refined metal market to satisfy its copper units.” Speculators slashed their long positions on COMEX copper futures and options by around a third to 54,881 positions in the latest week, Comex data showed.




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