MCX Copper Tips for Today

MCX Copper Tips for Today – Copper Target 612.45 Hit Enjoy

MCX Copper Tips for Today : Copper yesterday settled down by 1.61% at 605.3 as Chinas imports of unwrought copper and copper products fell for a third consecutive month to 512,332 tonnes in December 2020, marking a 8.7% drop from 561,310.7 tonnes in November and tanking to their lowest monthly level since May.

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Copper

Copper Prices CMCU3 Have Extended Their Sharp Recovery

Copper prices CMCU3 have extended their sharp recovery last week from the March lockdown lows of $4,371 to $7,973.5 a tonne, the highest since February 2013, buoyed by China’s solid demand and hefty investments by speculators amid monetary policy easing. views the current prices do not reflect fundamentals and the rally has been overdone.

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