EPIC RESEARCH MCX COPPER UPDATE OF 26 DECEMBER 2016

Copper trading range for the day is 369.2-379.4. Copper prices dropped as growing doubts about demand growth in top consumer China reinforced the idea that recent gains were overdone. Expectations of stronger global economic and demand growth have helped copper rise nearly 20 percent since October. According to the ICSG fell to 29,000 tonnes in the Jan-Sept period from a deficit of 227,000 tonnes between January and June.

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