Mar 21, 2017 12:59 PM IST | Source: Moneycontrol.com

Expect Copper prices to trade lower today: Angel Commodities

According to Angel Commodities, expect MCX copper prices to trade lower today in line with international trends.

Expect Copper prices to trade lower today: Angel Commodities

Angel Commodities' report on Copper

LME Copper prices fell by 0.9 percent to close at $5880/t as supply disruption concerns are expected to ease soon following comments by Escondida mine workers union after meeting with the company on Monday that it was open to further conversations that could lead to reopening negotiations.

Outlook

LME Copper prices are trading lower currently by 1.1 percent currently at $5801.5/t. expectation of easing strike at the Esondida mine in Chile along with recent comments by Chicago Fed President Charles Evans on tightening US Monetary policy will hurt prices. We expect MCX copper prices to trade lower today in line with international trends.

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