Today's Copper Market Update By Ripples Advisory

Copper on MCX settled down -0.4% at 311.90 traded near the lowest in a month pressured by worries over renewed weakness in China's economy, while a softer dollar and strong oil prices kept losses contained. 

 

Prices for copper on the London Metal Exchange ended little changed at $4,685 a tonne from $4,686 at Monday's close. While yesterday prices touched $4,672, its lowest since April 12. The sell-off in copper started last week due to a stronger 

 

 Last week Copper reversed their uptrend observed during the week ended April 29, tumbling to a midday low of $2.135 a pound on Friday, a level not seen since April 12, before finishing at $2.154 per pound, still down 0.09% compared to Thursday’s close.Contact this no:- 9827808090

 

copper in warehouses approved by the LME, which have climbed to 160,900 tonnes from near 140,000 tonnes in early April. Stocks of copper in warehouses monitored by the Shanghai Futures Exchange are down from record highs in the middle of March, but at above 310,000 tonnes are still up about 75 percent since the start of 2016. 

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