Wednesday, 9 November 2016

EPIC RESEARCH MCX COPPER UPDATE OF 09 Nov 2016

Copper trading range for the day is 333.6-356.8. Copper gained as expectations of stronger demand in China and optimism that Democrat Clinton will win the U.S. presidential election boosted sentiment. Data showed China's imports of copper fell 14.7 percent in October to the lowest since February 2015, also weighed on the prices. Much of the focus is on China, where the outlook for economic and demand growth is perceived to have improved.
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