Thursday, 29 June 2017

EPIC RESEARCH MCX COPPER UPDATE OF 29 JUNE 2017

Copper trading range for the day is 374.7-381.3. Coppers prices gained as a boost from weaker dollar and signs of tighter supply gave way to worries over U.S. economic growth. LME data showed copper stocks down to 248,675 tonnes, having slid 30 percent since early May, and on-warrant or available stock levels have shed 40 percent. Copper production in Zambia, is expected to rise to 850,000 tonnes in 2017 from 770,597 tonnes last year.

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