Friday, 12 May 2017

EPIC RESEARCH MCX COPPER UPDATE OF 12 MAY 2017

Copper trading range for the day is 353.6-367.6. Copper gained by 0.24% to settle at 358.85 while prices dropped from day's high as industrial output shows signs of slowing down and inventories rise. Sentiments remain weak for copper as pressure seen amid ongoing concerns over rising supply and disappointing Chinese import data. Workers at Cerro Colorado copper mine in Chile will strike for 24 hours in coming weeks to protest, the main union said.

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