Thursday, 1 June 2017

EPIC RESEARCH MCX COPPER UPDATE OF 1 JUNE 2017

Copper trading range for the day is 361.3-375.7.Copper dropped as momentum sparked by a strike at copper mines, Indonesia's Grasberg, eased ahead of the long weekend break in China, the U.S. and Britain.Freeport McMoRan Inc said that mining and milling rates at its Grasberg mine in Papua, Indonesia have been affected by an extended strike.China bonded copper premiums jumped $10 to $75, off the year's lows to the highest since March amid drawdowns from Chinese exchange inventories.

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