EPIC RESEARCH MCX Copper UPDATE OF 30 July 2018

Copper trading range for the day is 419.4-434.8.

* Copper pared gains on profit booking after prices remained supported amid tense negotiations at Chile's Escondida copper mine, the world's largest.

* Beijing vowed to pursue a more “vigorous” fiscal policy, including cutting taxes, as authorities stepped up efforts to support growth amid rising economic headwinds.

* Higher arrivals of cargoes and declining downstream demand at the end of the month grew supplies in the market.

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