MTECHTIPS:-Copper prices to trade lower today

MTECHTIPS:-Copper prices to trade lower today

MTECHTIPS-Copper prices traded higher by 0.3 percent at $5699/t as the downward momentum in LME stocks continues for eighth consecutive day, to 308,000 tonnes, down by around 9 percent since 17th May’17.Copper prices are currently trading lower by 0.3 percent at $5680/t. Prices are expected to trade lower today as investors will keenly watch US NFP numbers due tonight. However, optimism in the Asian stocks markets will likely boost some risk appetite. We expect MCX copper prices to trade lower today.
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