EPIC RESEARCH MCX Copper UPDATE OF 16 October 2018

Posted by Commodity Updates by Epic Research on 13:14:00 with No comments

Copper trading range for the day is 451.2-467.6.

* Copper eased as concerns remain that trade tensions between China and the U.S. may dampen demand.

* LME copper stocks have dropped since August as ShFE stocks have climbed, reflecting higher imports after a crackdown on waste imports that cut the availability.

* China's restriction of copper scrap imports is boosting demand for use of cathode or other copper products in smelting/refining.

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