On Monday, LME Copper prices ended lower by 0.24 percent to close at $5751.0 per tonne. China’s refined copper output rose by 4.8% year-on-year to 801,000 tonnes in July 2019.
Possible revival in China’s economy, and ease of tensions between US and China might provide some support to the prices. However, rising output in China might cap the gains.
On the MCX, Copper prices are expected to trade sideways today; international markets trading higher by 0.42 percent at $5763.5 per tonne.
On the MCX, Copper prices are expected to trade sideways today; international markets trading higher by 0.42 percent at $5763.5 per tonne.
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