ZOID RESEARCH 16-JUNE-2014 : COPPER

In this report we shall discuss the fresh propensity of the metal likely future trend. As of Friday the 3 month forward LME copper prices have declined by half a per cent while in last three weeks the losses have been over five per cent. From the inventory front, the global LME stocks for copper which has been declining from June 2013 exactly a year before have not been halted for a while in the last four weeks the inventory performance have been meagre. Four weeks ago the total stocks at LME were 0.176 million tons while in the current week total stocks holding are at 0.166 million a marginal change in the global stock performance.

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