EPIC RESEARCH MCX Copper UPDATE OF 24 December 2018
Posted by Commodity Updates by Epic Research on 11:53:00 with No comments
Copper trading range for the day is 413.1-424.9.
* Copper dropped as dollar gained after prices earlier seen supported by concerns over lower mine output and a report showing a widening supply deficit.
* The global world refined copper market showed a 168,000 tonnes deficit in September, compared with a 43,000 tonnes deficit in August.
* Copper stocks across Shanghai bonded areas stood at 419,500 mt as of Friday December 21, up 3,800 mt, data showed.
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