ZOID RESEARCH 21- MAY-2014 : COPPER

Global Copper stocks at LME declined by 2225 tons and the total stocks as on Tuesday stood at 180825 tons The cash to forward premium for copper at LME remained in backwardation at -$48 which improved from -$63 indicating either spot demand is low or the near future demand is rising. However, looking at the overall scenario we believe copper’s near month demand is down

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