Thursday, 11 May 2017

EPIC RESEARCH MCX COPPER UPDATE OF 11 MAY 2017

Copper trading range for the day is 354.5-362.1. Copper dropped as the market fretted about weak demand in top consumer China after data showed the country's imports of the metal falling. LME stocks remain near their highest since last October, fuelling pessimism over demand following hefty inflows in LME warehouses last week. Chinese imports of copper collapsed more than 30 percent in April from a month ago to 300,000 tonnes.

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