Copper Prices Slipped On Selling Triggered By A Higher Dollar

Copper trading range for the day is 381.8-391.8. Copper prices slipped on selling triggered by a higher dollar, lower imports of the metal by top consumer China and rising inventories.

Speculators cut their bullish position in Comex copper futures and options by 7,851 lots to 70,660 lots.

Chile expects economic activity growth to be hit by around 1% in February because of a strike as output slides 12% year-on-year.

For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory