Wednesday, 28 February 2018

EPIC RESEARCH MCX COPPER UPDATE OF 28 FEBRUARY 2018

Copper trading range for the day is 446.4-463.8. Copper fell as the dollar rose after Federal Reserve Chairman Jerome Powell pledged to stick with gradual increases in U.S. interest rates. China’s copper imports rose 13 percent to 314,525 tonnes. The discount for cash over three-month copper contracted to its narrowest in six weeks on Tuesday at $32.25, from $42.25 a week ago.

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