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Last Updated : Dec 02, 2019 10:24 AM IST | Source: Moneycontrol.com

Copper prices are expected to trade higher today: Angel Broking

According to Angel Broking, LME Copper prices ended higher by 0.2 percent last week.


Angel Broking's report on Copper


LME Copper prices ended higher by 0.2 percent last week. Copper inventory levels on the LME, ShFE and China bonded warehouses totalled 593,000 tonnes which is the lowest in over 6 years which supported the prices. However, uncertainties around the SinoAmerican trade spat limited the uptrend.


Outlook


Positive industrial activity number published by China support the industrial metal prices. On the MCX, Copper prices are expected to trade higher today; international markets trading higher by 0.31 percent at $5897 per tonne.


For all commodities report, click here


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First Published on Dec 2, 2019 10:24 am
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