EPIC RESEARCH MCX COPPER UPDATE OF 04 July 2018

Copper trading range for the day is 439-456.6.

Copper prices dropped as the market priced in weaker demand in China, which is embroiled in the trade spat with the US even as its manufacturing sector slows.

Growth in China’s manufacturing sector cooled slightly in June as firms faced rising input costs and a decline in export orders.

Chalco began the trial operation of its new 400,000-mt copper smelting project in Ningde city.

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