EPIC RESEARCH MCX Copper UPDATE OF 13 August 2018

Copper trading range for the day is 414.6-424.6.

Copper prices gained supported by higher-than-expected Chinese consumer price index and producer price index for July.

China’s exports growth unexpectedly accelerated in July despite fresh U.S. tariffs, while its trade surplus with the United States remained near record highs.

China’s imports of copper concentrate rose to an all-time high last month as Chinese smelters ramped up purchases to feed their growing capacity.

Warehouse stock for Copper at LME was at 253525mt that is up by 900mt.

Subscribe now for best Stock Report
US Stock Market News
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+