EPIC RESEARCH MCX Copper UPDATE OF 10 August 2018

Copper trading range for the day is 415-431.

* Copper prices gained supported by higher-than-expected Chinese consumer price index and producer price index for July.

* China’s exports growth unexpectedly accelerated in July despite fresh U.S. tariffs, while its trade surplus with the United States remained near record highs.

* China’s imports of copper concentrate rose to an all-time high last month as Chinese smelters ramped up purchases to feed their growing capacity.

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