EPIC RESEARCH MCX Copper UPDATE OF 9 November 2018

Copper trading range for the day is 430.8-444.6.

Copper slipped as the dollar extended its recovery after U.S. midterm elections and data showed copper imports by top buyer China fell in October.

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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