EPIC RESEARCH MCX Copper UPDATE OF 17 October 2018
Posted by Commodity Updates by Epic Research on 11:57:00 with No comments
Copper trading range for the day is 448.3-458.5.
* Copper prices fell as a trade war between the United States and the world's top industrial metals consumer China weighed on the market.
* China's unwrought copper imports surged to their highest in 2-1/2 years in September, while copper concentrate imports climbed to an all-time high.
* Yangshan copper import premiums have been near $120 since late September, levels last seen in 2015 and indicating strong demand.
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