EPIC RESEARCH MCX Copper UPDATE OF 20 March 2019

Copper trading range for the day is 438.9-454.9.

Copper prices gained after the news that a union at Chile’s Sierra Gorda copper mine, could go on strike after rejecting the latest offer in contract negotiations.

Copper inventories in LME-approved warehouses fell slightly to 183,825 tonnes by March 15 but were still hovering around a five-month high.

China’s growth in industrial output fell in the first two months of 2019 but investment picked up speed.

Warehouse stock for Copper at LME was at 181200mt that is down by -2625mt.

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