Copper trading range for the day is 418.1-427.5. Copper gains as housing data from China showed continued gains for prices albeit at a slower pace than the previous month.Inventories in LME-registered warehouses registered their biggest weekly inflow since May, rising 67,600 tonnes to 276,025 tonnes and putting pressure on prices. Net longs on COMEX copper held by hedge funds fell from a 7-month high after growing for 8 weeks in a row, according to CFTC report.
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