CAPITALSTARS MCX COMMODITY COPPER NEWS UPDATE : :11 SEPTEMBER 2019
Base Metals Preview: Copper Sees Muted Trades
COMEX Copper stayed in a slippery mode yesterday after
hitting near three weeks high as traders eyed weak Chinese imports data. Tepid
moves in global equities also weighed on the sentiments today and COMEX Copper
is currently trading flat at $2.62 per pound. MCX Copper futures closed
marginally up at Rs 453.85 per kg after testing an intraday low near Rs 450 per
kg on Monday. China's unwrought copper imports, including anode, refined and
semi-finished copper products stood at 404,000 tonnes last month, the General
Administration of Customs said. That was down 3.8% from 420,000 tonnes in July
and also down 3.8% year-on-year. Equities stayed in a cautious mode.
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