Friday, 28 April 2017

EPIC RESEARCH MCX COPPER UPDATE OF 28 April 2017

Copper trading range for the day is 359.9-368.9.Copper prices dropped as markets were underwhelmed by the Trump administrations proposed tax cuts and the focus shifted to concerns over China's manufacturing growth.The pace of expansion in China's manufacturing sector likely slowed this month, as factory-gate prices lost steam.Freeport McMoRan is preparing three copper concentrate export shipments from its giant Grasberg mine in Indonesia after a 15-week outage.

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