EPIC RESEARCH MCX Copper UPDATE OF 11 February 2019

Posted by Commodity Updates by Epic Research on 11:17:00 with No comments

Copper trading range for the day is 439.1-448.9.

Copper dropped after U.S. President Trump said he did not plan to meet China's Xi Jinping before a March 1 deadline for the two countries to achieve a trade deal.

The news reignited concern that the U.S-Chinese row will worsen, damaging the already weakening global economy and curtailing demand.

On-warrant copper stocks available to the market in LME-registered warehouses have fallen to 87,725 tonnes from about 130,000 tonnes in mid-January.

Warehouse stock for Copper at LME was at 149200mt that is down by -200mt.

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