MCX Copper Tips Today: Copper prices on Monday traded up by 0.67 per cent at Rs 771.60 per kg in the futures market on the back of a pick-up in the spot demand.
MCX Copper Price Forecast: Growth is likely to be relatively slow due to muted global demand. Is the world copper market in deficit or surplus? This has been a multi-million dollar question agitating investors and market participants of this prized industrial metal for some time now, especially given the metal’s stellar price performance in recent months.
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MCX Copper Tips Today: Copper yesterday settled down by 1.78% at 665.6 as pressure seen as the global world refined copper market showed a 24,000 tonnes surplus in December, compared with a 93,000 tonnes deficit in November, the International Copper Study Group (ICSG) said in its latest monthly bulletin.
Gold Silver Reports (GSR) – Meanwhile LME zinc inventories rose by 17,200 tonnes to 250,400 on Friday, LME data showed. While Zinc social inventory in Shanghai, Guangdong, and Tianjin fell some 2,700 mt from last Friday to 97,300 mt as of Monday July 23.