Oct 17, 2016 03:25 PM IST 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.
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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