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We expect MCX Copper prices to trade higher today in line with international trends.
LME Copper prices fell by 0.1 percent yesterday to close at $4557 per tonne owing to mixed response to the trade balance data. China’s copper imports at 440,000 tonnes in January were down 17 per cent from December but up 5.3 per cent on the year.
LME Copper prices are expected to trade higher today as recent stimulus measures by China will boost the red metal. Also, fall in bearish bets in COMEX copper futures and options by around half in the week will act as a positive factor.
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