Wednesday, 15 May 2019

Copper Trading Range For The Day Is 422.6-430.8

Copper trading range for the day is 422.6-430.8.

Copper remained under pressure due to escalated trade tensions between China and the United States.

Copper inventories in warehouses approved by the LME fell further to its lowest since April 25 at 203,750 tonnes, latest data showed.

The copper market should see a deficit of 189,000 tonnes this year, widening to 250,000 tonnes in 2020, the International Copper Study Group said.

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