MCX COPPER MARKET UPDATE BY RIPPLES

Copper futures down by 1.07 per cent in the early morning trade on as plunging Chinese stock signaled widespread concerns over the economy of world’s biggest copper consumer dimming the demand outlook for copper. Sentiment weekend further as the market struggled to unwind the excess metal supplies. At the MCX, copper futures for April 2016 contract were trading at Rs.322.10 per kg, down by 1.07 per cent, after opening at Rs. 324.25 against the previous closing price of Rs. 325.60. It touched the intra-day low of Rs. 322.00.

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