CAPITALSTARS MCX COMMODITY COPPER NEWS UPDATE : :26 August 2019
Base Metals Preview: Copper prices are expected to trade lower today
Last week, LME Copper prices ended marginally lower by 0.6 percent over rising worries about falling global demand. Moreover, the LME Copper inventories levels are currently at 331,925 tonnes which is almost double the levels recorded in May 2019.
Rising tension between the biggest economies in the world; U.S. & China might raise severer demand concerns and push the industrial metal prices lower. On the MCX, Copper prices are expected to trade lower today; international markets trading declined by 1.09 percent at $5632.5 per tonne.
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