EPIC RESEARCH MCX Copper UPDATE OF 7 March 2019

Posted by Commodity Updates by Epic Research on 11:45:00 with No comments

Copper trading range for the day is 450.8-462.6.

* Copper dropped amid concerns about global growth after the OECD cut forecasts again for the global economy in 2019 and 2020

* China's private sector growth weakened marginally in February with softer growth in services activity, survey data from IHS Markit showed.

* China cut its GDP growth target for 2019 to a range of 6% - 6.5% from the 2018 target of around 6.5%, citing challenges from rising debt.


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