Thursday, 10 January 2019

EPIC RESEARCH MCX Copper UPDATE OF 10 January 2019



Copper trading range for the day is 411-424.4.

* Copper moved higher after a report that top consumer China would try to boost spending on autos and home appliances this year.

* Exports of copper concentrate from Indonesia’s Grasberg mine, are expected to drop to 200,000 tonnes this year from around 1.2 million tonnes in 2018.

* China's National Development and Reform Commission (NDRC), said that the policies would be part of wider efforts to strengthen domestic consumption in China.

* Warehouse stock for Copper at LME was at 132675mt that is up by 325mt.

Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316

No comments: