EPIC RESEARCH MCX Copper UPDATE OF 20 November 2018

Posted by Commodity Updates by Epic Research on 11:58:00 with No comments

Copper trading range for the day is 435.8-445.8.

* Copper dropped as tensions between Washington and Beijing at a regional summit renewed concerns over a prolonged trade war, weighing on prices.

* Headline copper inventories in LME-registered warehouses fell by 5,425 tonnes to 161,025 tonnes, nearing last month's 10-year low of 136,675 tonnes.

* The premium of cash copper over the three-month contract drifted to $18.50 from a near four-year high of $47 last month.

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