Copper Prices Dropped As Traders And Funds Taking Profits - Dollar Advisory | Best Commodity Tips Provider

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Monday 1 January 2018

Copper Prices Dropped As Traders And Funds Taking Profits

Copper trading range for the day is 457.6-473.6.

Copper prices dropped as traders and funds taking profits and squaring books ahead of the year-end after prices seen supported on strong demand in China.

Recently copper prices were seen supported by news that Jiangxi Copper had been ordered to halt production for at least a week.

Sentiment is very bullish as china's copper imports reportedly rocketed up to 329,168 tonnes in November, up 19 percent year-on-year.

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