Thursday, 13 March 2014

CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX COPPER


Copper trading range for the day is 395.8-406.4.
Copper seen under pressure as concerns about the economy China intensified following data showing weak industrial output and

retail sales.
Data released showed that industrial production in China rose by an annualized rate of 8.6% in the first two months of 2014
Copper inventories in warehouses monitored by the SHFE rose 4.6 percent last week to 207,320 tonnes.
Warehouse stock for Copper at LME was at 253275mt that is down by -2225mt.

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