EPIC RESEARCH MCX Copper UPDATE OF 5 April 2019
Posted by Commodity Updates by Epic Research on 12:00:00 with No comments
Copper trading range for the day is 440.5-453.1.
* Copper prices fell as pressure seen on prices after a big inflow of metal into LME warehouses suggested supply was adequate.
* However, downside seen limited on hopes that China, the largest consumer, can prevent a sharp economic downturn.
* Total stockpiles in LME, Comex, Shanghai Futures Exchange and Chinese bonded warehouses have risen by close to 300,000 tonnes this year.
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