EPIC RESEARCH MCX Copper UPDATE OF 16 November 2018

Posted by Commodity Updates by Epic Research on 11:55:00 with No comments

Copper trading range for the day is 429.2-443.8.

* Copper gained boosted by news that China’s top trade negotiator was preparing to visit the United States ahead of a meeting between the two countries’ leaders.

* China Oct refined copper output +3.8 pct y/y at 736,000 tonnes - stats bureau

* The International Copper Study Group forecasts a production deficit of 90,000 metric tons this year, more than double the shortfall forecast in April.

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