EPIC RESEARCH MCX Copper UPDATE OF 10 January 2019

Posted by Commodity Updates by Epic Research on 11:12:00 with No comments

Copper trading range for the day is 411-424.4.

* Copper moved higher after a report that top consumer China would try to boost spending on autos and home appliances this year.

* Exports of copper concentrate from Indonesia’s Grasberg mine, are expected to drop to 200,000 tonnes this year from around 1.2 million tonnes in 2018.

* China's National Development and Reform Commission (NDRC), said that the policies would be part of wider efforts to strengthen domestic consumption in China.

* Warehouse stock for Copper at LME was at 132675mt that is up by 325mt.

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