Monday, 17 October 2016

EPIC RESEARCH MCX COPPER UPDATE OF 17 Oct 2016

Copper trading range for the day is 309.8-318.8.
Copper slipped after Europe's biggest smelter cut the premium it will charge customers for copper cathode next year, highlighting over-supply and weak demand.
Germany's Aurubis will offer 2017 copper cathode to customers at a premium of $86 a tonne to the LME average cash price.
Copper cancelled warrants on the London Metal Exchange have continued to rise in Asia, exchange data showed on October 14.

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