Copper trading range for the day is 459.1-472.3.
Copper prices gained amid signs of falling supply and a softer dollar underpinned prices.
Copper stocks at LME have tumbled to less than 30,000 tonnes from more than 130,000 tonnes in mid-January, reaching the lowest level since mid-2005.
Nearby spreads have ballooned out to $5 and higher over much of the past week, reflecting a scramble for short holders to get metal, underpinning copper prices.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > +917316642316
No comments:
Post a Comment