Copper trading range for the day is 398.1-407.7.
Copper recovered from lows as risk assets gained favour on a slight easing of tensions over Crimea, forcing covering of short positions.
China's refined copper output in the first two months of 2014 rose 6.57% from the same period a year earlier as smelters continued to expand capacity.
Market expects the Fed to stay on track to taper off its bond buying program at the FOMC meeting this week
Warehouse stock for Copper at LME was at 271750mt that is up by 18375mt.
For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/
0 comments :
Post a Comment