EPIC RESEARCH MCX Copper UPDATE OF 11 April 2019

Copper trading range for the day is 443.8-452.4.

Copper fell after the International Monetary Fund cut its global growth forecast and the United States threatened to slap tariffs on hundreds of European goods.

IMF cut its forecast for world economic growth this year to 3.3 percent from 3.5 percent previously, citing the U.S.-China trade war

The indigenous community of Fuerabamba in southern Peru voted to suspend its two-month road blockade of Chinese miner MMG Ltd’s Las Bambas copper mine.

Warehouse stock for Copper at LME was at 197525mt that is down by -750mt.


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