EPIC RESEARCH MCX Copper UPDATE OF 5 December 2018

Copper trading range for the day is 426.4-448.

Copper dropped as U.S.-China trade tensions resurfaced, raising concerns over economic growth and demand.

Prices, weighed down by the trade dispute this year, had bounced after Washington and Beijing agreed to hold off on imposing further tariffs for 90 days.

Premiums for imports of copper into China sank to an 18-month low in a sign that demand for physical metal is waning after a buying spree.

Warehouse stock for Copper at LME was at 130175mt that is down by -4025mt.


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