Sunday, 28 September 2014

CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 :: MCX COPPER



Copper trading range for the day is 412.6-421.4.

Copper dropped on worries over an expected supply surge and weak demand from top consumer China.

Prices were also under pressure after China raised speculation of stockpiles returning to the market.

For the first six months of the year, the copper market was in a 526,000 tonnes deficit- ICSG said.

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