Monday, 8 May 2017

EPIC RESEARCH MCX COPPER UPDATE OF 08 MAY 2017

Copper trading range for the day is 356.2-364.6.Copper prices ended with gains as mine workers in Peru considered launching a new strike and some investors regarded the lower prices as good value.Inventories in London Metal Exchange warehouses climbed by 36,800 tonnes, exchange data showed, bringing this week's surge to 40 percent.Glencore’s copper production slid 3% in the first quarter of 2017 to 324,000 tonnes.


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