EPIC RESEARCH MCX Copper UPDATE OF 28 February 2019

Copper trading range for the day is 456-470.4.

Copper prices gained amid signs of falling supply and a softer dollar underpinned prices.

Copper stocks at LME have tumbled to less than 30,000 tonnes from more than 130,000 tonnes in mid-January, reaching the lowest level since mid-2005.

Nearby spreads have ballooned out to $5 and higher over much of the past week, reflecting a scramble for short holders to get metal, underpinning copper prices.

Warehouse stock for Copper at LME was at 130925mt that is down by -2150mt.



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