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Thursday, 19 May 2016

EPIC RESEARCH MCX COPPER UPDATE OF 19 MAY 2016

Copper trading range for the day is 304.1-315.1.              
Copper prices  recovered to settle flat after prices dropped pressured by the dollar which rose on renewed expectations of further U.S. interest rate hikes.         
Fed officials felt the U.S. economy could be ready for another interest rate increase in June, according to minutes from the central bank's April policy meeting.              
China’s refined copper production grew 9 percent in the first quarter from a year ago, National Bureau of Statistics data show    

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