Monday, 7 November 2016

EPIC RESEARCH MCX COPPER UPDATE OF 07 Nov 2016

Copper trading range for the day is 329-338. Copper continued to gain amid the weaker dollar and demand signals from China. Global demand for copper is expected to broadly meet supply in 2016 and 2017, while there is chance of stronger-than-expected consumption in China. Premiums for copper stored in Shanghai bonded climbed $5 to $90-$100 this week, the highest since March, reflecting a pick up in demand.
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