Thursday 28 July 2016

EPIC RESEARCH MCX COPPER UPDATE OF 28 JULY 2016

11:48:00

Copper trading range for the day is 321.3-335.1.
Copper dropped to near 1 week lows as sentiments soured in China, also declined due to supply concerns, as mines ramp up in Peru.
Entire base metals complex was pressured by a stronger dollar ahead of the US central bank decision on interest rates.
Copper output in Peru surged 61 percent in May compared with the same month in 2015.

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