Friday, 26 May 2017

EPIC RESEARCH MCX COPPER UPDATE OF 26 MAY 2017

Copper trading range for the day is 365.1-377.7.Copper prices recovered from lows amid worries about prolonged disruptions at the giant Grasberg copper mine in IndonesiaAn estimated 9,000 workers at Grasberg operated by Freeport McMoRan will extend a strike for a second month.Inventories of the metal at 321,575 tonnes in LME warehouses are down more nine percent since hitting a 7-month high above 354,000 tonnes earlier in May.

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