EPIC RESEARCH MCX COPPER UPDATE OF 20 July 2018

Posted by Commodity Updates by Epic Research on 12:44:00 with No comments

Copper trading range for the day is 403.3-426.7.

* Copper dropped as worries over slower growth of China’s economy and uncertainties over trade war continued to depress market sentiment.

* The People's Bank of China plans to introduce incentives that will boost the liquidity of commercial banks, helping them to expand lending.

* China's June refined copper output rose by 11.7 pct year-on-year to 776,000 tonnes, the National Bureau of Statistics said.

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