Copper Outlook: China’s refined copper output in the first nine months rose 5.4% year-on-year to 10.04 million tons, reflecting stable domestic production. The global refined copper market showed a surplus of 54,000 metric tons in August, down from 73,000 metric tons in July.
Positional MCX Copper Tips (Screenshot)
✅MCX #Copper 811 to 830🔥🔥🔥
✅MCX #Copper 811 to 830🔥🔥🔥
✅MCX #Copper 811 to 830🔥🔥🔥
✅19 Points Done.👈👈👈
✅Profit Rs. 47,500 Per Lots. And 2 Lot Profit Rs. 95,000👈👈👈
Year-to-date, the market surplus stood at 535,000 metric tons, up significantly from the 75,000 metric tons surplus during the same period last year. Despite this, improving seasonal demand and depletion of domestic stocks have boosted China’s import appetite, reflected in the Yangshan premium reaching a peak of $69 per ton in October before falling back to $48 per ton.
