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Monday, 24 July 2017

EPIC RESEARCH MCX COPPER UPDATE OF 24 JULY 2017

Copper trading range for the day is 384.8-394. Copper prices gained fuelled by strong growth in top copper consumer China, a weak dollar and worries about supply disruptions. Striking mining workers in Peru agreed to return to work after the government of President Pedro Pablo Kuczynski promised to name a task force to discuss labor laws. Copper inventories in Shanghai Futures Exchange-monitored warehouses fell 4.9 percent from last Friday to their lowest since January.






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