EPIC RESEARCH MCX Copper UPDATE OF 29 October 2018

Posted by Commodity Updates by Epic Research on 11:50:00 with No comments

Copper trading range for the day is 438.7-448.5.

* Copper prices dropped amid lingering fears about global trade and economic growth.

* Available LME inventories fell to their lowest in nearly 13 years while cash copper traded at its highest premium to the three-month future in nearly three years.

* Market open interest on Shanghai copper fell to 495.476 lots, the lowest since Feb. 9, 2017, in a sign that money is leaving the market.

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