Wednesday, 12 March 2014

CAPITAL STROKE COMMODITY UPDATE 13 MARCH 2014: MCX COPPER

Copper trading range for the day is 393.1-411.1.

Copper rebounded from earlier losses as a sell-off triggered by concerns about the impact of credit problems in China was considered overdone

Prices bounced off lows as European industrial consumers went bargain hunting.

Copper inventories in Shanghai bonded warehouses are estimated to have more than doubled to 750,000-800,000 tonnes from 350,000

Warehouse stock for Copper at LME was at 255500mt that is down by -2100mt.
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