Friday, 8 March 2019

EPIC RESEARCH MCX Copper UPDATE OF 8 March 2019



Copper trading range for the day is 450-457.2.

Copper prices fell as rising stockpiles and a drop in the premium for directly available metal signalled a supply squeeze on the London Metal Exchange may be easing.

Inventories in LME-registered warehouses rose to 120,075 tonnes from 116,872 tonnes on Wednesday, the lowest since 2008.

Stockpiles in Shanghai Futures Exchange (ShFE) warehouses have more than doubled to 227,049 tonnes

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