EPIC RESEARCH MCX Copper UPDATE OF 16 April 2019

Posted by Commodity Updates by Epic Research on 11:08:00 with No comments

Copper trading range for the day is 446.2-453.2.

Copper settled flat recovering from lows as data from China showed higher unwrought copper imports in March and declining inventory.

Chinese data showed exports rebounded sharply and new bank loans increased far more than expected in March.

China imported 391,000 tonnes of unwrought copper last month, up 25.7 percent from the previous month and 26.5 percent higher than a year earlier

Warehouse stock for Copper at LME was at 191750mt that is down by -675mt.


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