EPIC RESEARCH MCX COPPER UPDATE OF 21 AUGUST 2017

Copper trading range for the day is 410.6-421.2. Copper pared gains on profit booking after seen supported as a wave of speculative buying underpinned by expectations of strong demand in China. Global copper market reports a supply shortage of 41,000 tonnes in the first six months of 2017, while the figure was 68,000 tonnes in 2016, WBMS said. LME On-warrant stocks - those not earmarked for delivery and therefore available to investors - have slid 46 percent over the past month.

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