EPIC RESEARCH MCX Copper UPDATE OF 9 January 2019

Copper trading range for the day is 406.3-417.9.

Copper prices steadied on investor hopes that Chinese measures to boost lending would be followed by progress in trade talks with the United States.

Prices were also supported by a weaker dollar after Federal Reserve Chairman Jerome Powell hinted that the pace of U.S. interest rate rises could slow.

U.S. and Chinese officials are meeting for the first face-to-face talks since the two countries agreed in December to a 90-day truce in a trade war.

Warehouse stock for Copper at LME was at 132350mt that is unchange mt.


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