EPIC RESEARCH MCX Copper UPDATE OF 16 November 2018
Posted by Commodity Updates by Epic Research on 11:55:00 with No comments
Copper trading range for the day is 429.2-443.8.
* Copper gained boosted by news that China’s top trade negotiator was preparing to visit the United States ahead of a meeting between the two countries’ leaders.
* China Oct refined copper output +3.8 pct y/y at 736,000 tonnes - stats bureau
* The International Copper Study Group forecasts a production deficit of 90,000 metric tons this year, more than double the shortfall forecast in April.
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