Thursday 17 August 2017

EPIC RESEARCH MCX COPPER UPDATE OF 17 AUGUST 2017

Copper trading range for the day is 404.3-429.5. Copper rallied as support seen after flash floods have caused extensive damage to a power plant at U.S. owned miner Freeport Indonesia's operations. China July refined copper output up 1.5 percent on year at 733,000 tonnes Strong growth in China showed signs of fading in July but a construction spree kept activity solid, while the IMF raised its 2018-2020 average growth forecast.

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