Copper closed marginally higher by 0.3% at the LME platform as the positive retail sales data from Germany and positive Trade balance data from the US gave a boost to European and US equities which in turn helped the copper prices to recover from its intraday low.
-Copper inventories have been continuously declining over the last four months and inventories at LME, Shanghai and Comex have declined and global inventories of copper at present are at their lowest levels since November 2012.
-Copper might take negative cues from the fact that the treatment and refining charges in China have increased to $125 per ton up from $120 per ton witnessed on 31st December 2013.
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Copper May Fall On Rise In Trc Charges In China
Published 01/08/2014, 06:09 AM
Updated 05/14/2017, 06:45 AM
Copper May Fall On Rise In Trc Charges In China
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