Copper trading range for the day is 424.2-438.6.
Copper prices dropped as stocks in London Metal Exchange-approved warehouses jumped, suggesting lacklustre demand.
There are expectations of a copper market deficit in 2019 to 205,500 tonnes, more than tripling their previous consensus forecast of 64,000 tonnes.
Copper output in the world's top copper producer Chile also fell 3.5 percent to 479,080 tonnes in March.Warehouse stock for Copper at LME was at 231950mt that is up by 6025mt.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-123-2353
Give a Missed Call for Free Trial - 09699997717
No comments:
Post a Comment