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Tuesday, 29 August 2017

EPIC RESEARCH MCX COPPER UPDATE OF 29 AUGUST 2017

Copper trading range for the day is 426-437.4.Copper prices gained building on a robust demand outlook for the metal in China.Copper found support after data showed weekly copper stocks in warehouses registered by the Shanghai Futures Exchange declined by 8.2 percent to 187,444 tonnes.Meanwhile, on-warrant inventories - in London Metal Exchange (LME) depots have halved to 112,950 tonnes over the past six weeks.



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