EPIC RESEARCH MCX Copper UPDATE OF 21 November 2018

Posted by Commodity Updates by Epic Research on 11:17:00 with No comments

Copper trading range for the day is 425.8-453.6.

* Copper dropped as conflicting signals over the trade dispute between the United States and China weighed on investor sentiment.

* While both U.S. President Donald Trump and Chinese President Xi Jinping expressed optimism about resolving their trade war ahead of a planned meeting.

* Inventories of copper in LME-registered warehouses fell by 9,400 tonnes to 151,625 tonnes, near last month's 10-year low of 136,675 tonnes, the latest data showed. -

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