EPIC RESEARCH MCX Copper UPDATE OF 29 AUGUST 2018

Copper trading range for the day is 414-429.6.

Copper prices rose supported by easing global trade-war worries in the wake of United States' bilateral deal with Mexico, while a weaker dollar also lifted sentiment.

U.S. and Chinese officials ended two days of talks last week with no major breakthrough as their trade war escalated with activation of another round of duelling tariffs.

U.S. Commerce Department said it had made a preliminary determination that imports of certain steel wheels from China were subsidized at rates.

Warehouse stock for Copper at LME was at 268175mt that is up by 1100mt.


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