EPIC RESEARCH MCX COPPER UPDATE OF 16 MAY 2018

Copper trading range for the day is 455.9-471.3. Copper fell under pressure from negative sentiment fuelled by a higher dollar and rising inventories. Inventories had fallen more than 100,000 tonnes since March to just over 280,000 tonnes. The impact of Chinese curbs on scrap metal imports introduced this year will be blunted by a rise in domestic scrap production.

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