EPIC RESEARCH MCX Copper UPDATE OF 12 February 2019

Posted by Commodity Updates by Epic Research on 11:35:00 with No comments

Copper trading range for the day is 434.9-444.3.

Copper dropped as dollar rose as fresh worries over U.S.-Sino trade tensions and global growth pushed investors towards the safety of the greenback.

Chilean state miner Codelco said it hoped to soon restart operations at its northern Chuquicamata copper mine after heavy rains forced its suspension.

Market watchers will also be following progress in U.S. - China trade talks, with meetings between officials from the two sides due to start in Beijing.

Warehouse stock for Copper at LME was at 148550mt that is down by -650mt.

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