EPIC RESEARCH MCX Copper UPDATE OF 23 August 2018

Copper trading range for the day is 408.7-417.1.

* Copper prices slipped as worries about demand resurfaced ahead of trade talks between the United States and China that are seen as unlikely to yield progress.

* Cancelled warrants –for copper in LME-approved warehouses – have risen above 67,000 tonnes, from around 25,000 tonnes last week.

* Inventories of copper in China, at 155,076 tonnes in warehouses monitored by the Shanghai Futures Exchange have halved since a 2018 peak in March.

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