EPIC RESEARCH MCX COPPER UPDATE OF 18 July 2018

Posted by Commodity Updates by Epic Research on 13:26:00 with No comments

Copper trading range for the day is 411.9-428.3.

* Copper prices edged lower pushed down by a stronger dollar and fears that demand will be damaged by a global trade war and weaker economic growth in China.

* Headline stocks of copper in LME-registered warehouses gained 2,525 tonnes, but were still at their lowest since January.

* Copper speculators switched to a net short position of 12,91

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