EPIC RESEARCH MCX Copper UPDATE OF 24 August 2018

Copper trading range for the day is 402.2-416.8.

Copper prices slid as a trade dispute between Washington and Beijing deepened, triggering concerns about demand for industrial metals.

China and US will hold lower-level trade talks this week to resolve an escalating tariff war that threatens to engulf all trade between the world’s two largest economies.

Hedge funds and money managers trimmed their net short position in copper futures and options, data from the U.S. commodity regulator showed.

Warehouse stock for Copper at LME was at 266950mt that is up by 4100mt.

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