EPIC RESEARCH MCX Copper UPDATE OF 18 January 2019

Posted by Commodity Updates by Epic Research on 10:59:00 with No comments

Copper trading range for the day is 417.3-427.3.

* Copper prices gained as China's move to inject liquidity into the financial system boosted expectations of higher demand.

* China's central bank said it will make another big cash injection through open market operations on Thursday, following its biggest-ever net liquidity injection a day earlier.

* China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs.

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