Wednesday, 22 November 2017

EPIC RESEARCH MCX COPPER UPDATE OF 22 NOVEMBER 2017

Copper trading range for the day is 440.4-451.6.Copper prices gained as support seen amid falling stocks in LME warehouses -- down more than 25 percent since mid-September to 234,375 tonnes. China’s refined copper (copper cathode) production in October is 781,000 tons, up by 6.3% YoY. Copper inventory in LME, SHFE, COMEX and bonded warehouses is 28,000 tons more than it was in previous month, and it proves the sufficient supply in the market.

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