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Last Updated : Feb 10, 2020 10:25 AM IST | Source: Moneycontrol.com

Copper prices are expected to trade sideways today: Angel Broking

According to Angel Broking, LME Copper prices ended higher by 2.20 percent after China took stimulus measures to support their economy.


Angel Broking's report on Copper


LME Copper prices ended higher by 2.20 percent after China took stimulus measures to support their economy. Moreover, China's copper smelters might trim their output by 15% or more in February 2020 from last month because of the Corona virus outbreak which further supported the red metal prices.



Outlook


Appreciating Dollar amid the severe virus outbreak in China might weigh on the industrial metal prices. On the MCX, Copper prices are expected to trade sideways today.


For all commodities report, click here

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First Published on Feb 10, 2020 10:25 am
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