EPIC RESEARCH MCX Copper UPDATE OF 5 November 2018

Posted by Commodity Updates by Epic Research on 11:36:00 with No comments

Copper trading range for the day is 431.7-462.5.

* Copper prices rose after the presidents of the United States and China both expressed optimism about resolving a trade row between the two countries.

* China’s Arrivals of scrap copper in September plunged 38.9 percent to 200,000 tonnes, curbed by the hefty tariffs on imports from the United States

* The global world refined copper market showed a 47,000 tonnes deficit in July, compared with a 38,000 tonnes deficit in June, the ICSG said.

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