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Last Updated : Aug 09, 2017 01:13 PM IST | Source: Moneycontrol.com

Copper to trade in 405-419.2: Achiievers Equities

According to Achiievers Equities, Copper prices rallied as investors flooded into metals on expectations of capacity cuts in coal and aluminium in China.


Achiievers Equities' commodity report on Copper

Copper trading range for the day is 405-419.2

Copper prices rallied as investors flooded into metals on expectations of capacity cuts in coal and aluminium in China.

China's imports of copper and copper products rose around 8 percent in July from last year as the availability of credit improved.

Soaring global copper price could crimp China demand for imports.

BUY COPPER AUG 2017 @ 413.00 SL 409.00 TGT 416.80-420.00.MCX.

For all commodities report, click here

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First Published on Aug 9, 2017 01:13 pm
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