Copper trading range for the day is 430.3-458.3.
Copper prices fell below 440 level to their lowest level in over a month as data showing a surge in Chinese production.
Pressure also seen after rising inventories showed healthy supplies of refined metal.
On-warrant copper stocks - metal not earmarked for delivery from warehouses and available for investors - in facilities certified by LME jumped by 28 percent, data showed.
Copper prices fell below 440 level to their lowest level in over a month as data showing a surge in Chinese production.
Pressure also seen after rising inventories showed healthy supplies of refined metal.
On-warrant copper stocks - metal not earmarked for delivery from warehouses and available for investors - in facilities certified by LME jumped by 28 percent, data showed.
No comments:
Post a Comment