Monday, 22 May 2017

EPIC RESEARCH MCX COPPER UPDATE OF 22 MAY 2017

Copper trading range for the day is 362.3-373.9.Copper rose and ended the week with a gain of more than 2 percent thanks to dollar weakness and receding worries over China's economy. China's economy will likely expand around 6.8 percent in the second quarter of 2017, the State Information Center said.Copper stocks in warehouses monitored by the Shanghai Futures Exchange rose 0.7 percent from last Friday to 196,358 tonnes.

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