EPIC RESEARCH MCX COPPER UPDATE OF 06 July 2018
Posted by Commodity Updates by Epic Research on 15:45:00 with No comments
Copper trading range for the day is 427.1-444.3.
Copper dropped as markets remained wary over the China-US trade war ahead of tariffs implementation.
China’s second-quarter economic growth is expected to have slowed slightly from the previous quarter, as the government’s efforts to tackle debt risks crimp activity.
A rebound in copper price is "essential" for Chile's new government to finance its agenda, the mines minister said, after the metal fell to a nine-month low.
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