EPIC RESEARCH MCX Copper UPDATE OF 22 November 2018

Posted by Commodity Updates by Epic Research on 12:14:00 with No comments

Copper trading range for the day is 432.4-444.

Copper prices rose as a lower dollar and higher equities triggered fund buying but gains were capped as trade tensions between US and China escalated.

The United States administration said China has failed to alter its "unfair" practices, adding to tensions ahead of the meeting next week between U.S. and Chinese President.

Traders are keeping a close eye on positions holding large amounts of LME copper warrants and cash contracts, which is fuelling nervousness about nearby availability.

Warehouse stock for Copper at LME was at 143275mt that is down by -1975mt.

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