Copper on MCX settled up 0.45% at 309.85 after a string of declines as some investors closed out positions that had been betting on lower prices though others remained cautious ahead Chinese economic data.

The Labor Department said its producer price index climbed 0.2 % last month after slipping 0.1 % in March. The Commerce Department said retail sales jumped 1.3 % last month, the largest gain since March 2015.Contact this no:- 9827808090

                         The country’s M2 money supply at 556 billion yuan undershot the expected 820 billion yuan while new loans at -3.6 percent missed the projected -2.8 %. The European flash GDP reading at 0.5% also missed the forecast 0.6 percent. Copper inventories fell a net 3,800 tonnes to 156,675 tonnes and cancelled warrants dropped 3,700 tonnes to 36,525 tonnes.

                                     Trading Ideas

Copper trading range for the day is 306.4-313.

SHFE stocks have fallen more than 26,000 tonnes; there is growing speculation location that metal will continue to out to LME warehouses in the coming weeks.