EPIC RESEARCH MCX Copper UPDATE OF 27 August 2018

Posted by Commodity Updates by Epic Research on 12:48:00 with No comments

Copper trading range for the day is 408.9-422.5.

* Copper gained on a softer dollar, though worries about Chinese demand capped gains as the country’s trade dispute with the United States drags on.

* The global world refined copper market showed a 31,000-tonne deficit in May, compared with a 105,000-tonne deficit in April, ICSG said.

* China's copper producers and traders are riding an unexpected surge of business that has pushed physical prices to their highest in nearly two years.

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