MCX Copper Tips. copper  futures is slightly down by 0.52 per cent due to subdued demand in the domestic stock market. Further, the drop of the Shanghai Composite Index by 0.8 percent lead to widespread concern over the economy of world’s biggest copper consumer dimming the demand prospect of copper. At the MCX, copper futures for April 2016 contract were trading at Rs.332.75 per kg, down by 0.52 per cent, after opening at Rs. 332.85 against the previous closing price of Rs. 334.50. It touched the intra-day low of Rs. 332.30. 

The global copper market has recorded a surplus of 120,000 tonnes during January to February this year, as mentioned in the latest metals balances report published by the World Bureau of Metal Statistics (WBMS). It must be noted that the worldwide copper market had reported a surplus of 463,000 tonnes for the entire year 2015. The global mine production during the period from January to February this year totaled 3.27 million tonnes. more detail content us

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