Tuesday 28 November 2017

EPIC RESEARCH MCX COPPER UPDATE OF 28 NOVEMBER 2017

Copper trading range for the day is 440.2-454.6. Copper prices dropped pressuring by rising Chinese borrowing costs and Beijing’s regulatory crackdown on risky financing. Unionized workers at BHP Billiton Plc's Escondida copper mine in Chile, ended a 24-hour strike but could put down their tools again next week. Japan's output of rolled copper products rose to 70,048 tonnes in October on a seasonally adjusted basis, up 7.5 percent from a year earlier, preliminary data showed.

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