EPIC RESEARCH MCX Copper UPDATE OF 1 January 2019

Posted by Commodity Updates by Epic Research on 11:53:00 with No comments

Copper trading range for the day is 398.3-425.1.

Copper prices dropped after signs of slowing growth in China's commodities-hungry economy and a U.S.-China trade war reversed a two-and-a-half-year rally.

Copper facing its first annual decline since 2015 on worries over slowing economic growth in top consumer China.

Zambia's 2018 copper production is projected to rise above the 800,000 tonnes produced last year.

Warehouse stock for Copper at LME was at 132175mt that is up by 2150mt.


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