Copper Gained On A Softer Dollar, Though Worries About Chinese Demand Capped - Dollar Advisory | Best Commodity Tips Provider

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Monday 27 August 2018

Copper Gained On A Softer Dollar, Though Worries About Chinese Demand Capped

Copper trading range for the day is 408.9-422.5.

Copper gained on a softer dollar, though worries about Chinese demand capped gains as the country’s trade dispute with the United States drags on.

The global world refined copper market showed a 31,000-tonne deficit in May, compared with a 105,000-tonne deficit in April, ICSG said.

China's copper producers and traders are riding an unexpected surge of business that has pushed physical prices to their highest in nearly two years.

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