CAPITALSTARS MCX COMMODITY COPPER NEWS UPDATE : : 09 August 2019

Capitalstars Investment Advisor

Base Metals Preview: Copper Hits One Week High 

 COMEX Copper edged up for a third session yesterday as a recovery from 2 year low extended amid rising US equities. Arrivals of unwrought copper, including anode, refined and semi-finished copper products into China, the world's top copper consumer, stood at 420,000 tonnes last month, the General Administration of Customs said, up from 326,000 tonnes in June though it was down 7.1% from July 2018. The metal hit one week high of 2.61 per pound and currently trades at 2.59 per pound, flat on the day. MCX Copper ended flat at Rs 442.40 per kg on a recovery in the Indian Rupee capped gains.

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