Wednesday, 11 September 2019

Copper Prices Gained As Some Buying Witnessed After Prices Dropped On Expectations

Copper trading range for the day is 449-457.2.

Copper prices gained as some buying witnessed after prices dropped on expectations of weak demand in top consumer China

China's central bank cut banks' reserve requirements for a seventh time since early 2018 to free up more funds for lending.

The world’s 20 major copper miners produced a total of 6.55 million mt of copper in the first half of this year, down 1.2%.

Warehouse stock for Copper at LME was at 310450mt that is up by 100mt.

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