Copper at the level of 2009, 70% less domestic business

Chinese demand because of copper prices may come close to the level of 2009. London Metal Exchange copper stocks at current prices $ 4485 per tonne.While the domestic market in January and copper prices nearly 32 per cent broken down.This domestic corporates business during the last 5 months at 50 to 70 per cent deficiency is recorded. The impact also on their margin.

Copper companies are looking to reduce production

In recent days the steep drop in copper prices in the world's largest consumer of China companies suffer heavy losses.That is why China's 9th largest copper-producing companies in the year 2016 production 5 per cent to 2 million tons, i.e. loss.China is the biggest consumer of base metals worldwide in China and economic circumstances are not normal.China's economy is constantly being caught in slow-ness, the demand for copper has been badly affected.

Copper prices on the London Metal Exchange fell to 40%

Commodity	In January price  (perton)	Currentpric(perton)	The decline (in%)
Copper	$6273/ ton	$4,485/ton	40

Copper prices fell by 32% in India

Commodity	In January price	Currentprice	The decline (in%)
Copper	399.75/ KG	302/KG	32

Turnover reduced by 50-70 per cent

Effect of copper products demand decreases Indian corporates but also. They recorded a drastic reduction in the orders.During the past 5 months only according to their business in the reduction of 50 to 70 per cent was recorded.

May continue to decline

Kedia, director of commodity demand from China, said Ajay Kedia not see coming.The US manufacturing is weak. Copper prices will continue to fall yet to Kedia said.

Read more : MCX Crude oil tips , MCX natural gas Tips, MCX Commodity Tips, Crude oilTrading Tips, MCX Free Tips