Thursday, 25 May 2017

EPIC RESEARCH MCX COPPER UPDATE OF 25 MAY 2017

Copper trading range for the day is 365.5-375.7.Copper prices sagged after China’s credit rating was downgraded by Moody’s for the first time in nearly 30 years.Moody's said it expected the financial strength of China's economy to erode in the coming years as growth slows and debt continues to rise.China's imports of refined copper in April slid by 41 percent from a year ago, as traders found their buying power crimped by tighter access to credit.

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