EPIC RESEARCH MCX COPPER UPDATE OF 16 OCTOBER 2017

Copper trading range for the day is 443.8-452.8.Copper dropped on profit booking tracking LME prices after prices seen supported in response to expectations of potential shortages in China.China’s unwrought copper imports climbed 26.5 percent in September from a year earlier to 430,000 tonnes, hitting their highest monthly level this year.Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.1 percent from last release on Sep 29, the exchange said.









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