Moneycontrol
Oct 17, 2016 03:25 PM IST | Source: Moneycontrol.com

Copper to trade in 309.8-318.8 range: Achiievers Equities

According to Achiievers Equities,Copper slipped after Europe's biggest smelter cut the premium it will charge customers for copper cathode next year, highlighting over-supply and weak demand.

Achiievers Equities report on Copper

Copper

Copper trading range for the day is 309.8-318.8.  

Copper slipped after Europe's biggest smelter cut the premium it will charge customers for  copper cathode next year, highlighting over-supply and weak demand.  

Germany's Aurubis will offer  2017 copper cathode to customers at a premium of $86 a  tonne to the LME average cash price.  

Copper cancelled warrants on th e London Metal Exchange have continued to rise in Asia,  exchange data showed on October 14.  

SELL COPPER NOV @ 316 SL 319 TGT 313.50-310.50.MCX. 

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