Wednesday, 5 July 2017

EPIC RESEARCH MCX COPPER UPDATE OF 05 JULY 2017

Copper trading range for the day is 382-389.4. Copper dropped on profit booking tracking weakness in LME prices despite of fall in on-warrant stockpiles available to the market at LME warehouses to 176,125 tonnes. China's central bank said that it would continue to implement a prudent and neutral monetary policy, and keep liquidity in the country's financial system basically stable. Chile's Antofagasta was facing potential strikes at two mines with combined annual production of 160,000 tonnes.



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