EPIC RESEARCH MCX Copper UPDATE OF 18 December 2018

Copper trading range for the day is 431.1-444.7.

Copper prices dropped amid cautious optimism that China and the US will be able to resolve a trade row that has weighed on prices.

China central bank said it will guide reasonable growth of credit and social financing and further improve the monetary policy transmission channel.

China’s retail sales grew at their weakest pace since 2003 and its industrial output rose the least in nearly three years.

Warehouse stock for Copper at LME was at 121800mt that is up by 575mt.

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