Friday, 18 January 2019

Copper Prices Gained As China's Move To Inject Liquidity

Copper trading range for the day is 417.3-427.3.

Copper prices gained as China's move to inject liquidity into the financial system boosted expectations of higher demand.

China's central bank said it will make another big cash injection through open market operations on Thursday, following its biggest-ever net liquidity injection a day earlier.

China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs.

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