Moneycontrol
Jun 15, 2017 02:02 PM IST | Source: Moneycontrol.com

Expect Copper prices to trade higher today: Angel Commodities

According to Angel Commodities, LME Copper prices are currently trading lower by 0.07 percent at $5695/t. We expect MCX copper prices to trade higher today.


Angel Commodities' report on Copper


LME Copper prices declined by 0.3 percent to close at $5699/t. LME Copper stocks fell by 1.3 percent on Monday and closed last week at 276,875 tonnes, a 25,750 tonne, or 9% decline from the prior week.


Outlook


LME Copper prices are currently trading lower by 0.07 percent at $5695/t. Prices are expected to trade higher today as better than expected Industrial Production and Retail sales numbers from China will act as a positive factor while supply disruptions in Chile will also support prices. We expect MCX copper prices to trade higher today.


For all commodities report, click here


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