Copper Prices Gained Supported By Higher Than Expected Chinese Consumer Price - Dollar Advisory | Best Commodity Tips Provider

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Monday 13 August 2018

Copper Prices Gained Supported By Higher Than Expected Chinese Consumer Price

Copper trading range for the day is 414.6-424.6.

Copper prices gained supported by higher-than-expected Chinese consumer price index and producer price index for July.

China’s exports growth unexpectedly accelerated in July despite fresh U.S. tariffs, while its trade surplus with the United States remained near record highs.

China’s imports of copper concentrate rose to an all-time high last month as Chinese smelters ramped up purchases to feed their growing capacity.

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