Monday, 7 August 2017

EPIC RESEARCH MCX COPPER UPDATE OF 07 AUGUST 2017

Copper trading range for the day is 401.7-410.7. Copper prices ended with gains as support seen amid stronger demand from China and reduced supply. Proposed Chinese restrictions on scrap imports may, however, have a limited impact on the refined copper market. Copper inventories in Shanghai bonded zone increased on a weekly basis as of August 4.

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