EPIC RESEARCH MCX COPPER UPDATE OF 4 MAY 2018

Copper trading range for the day is 449.4-465.2. Copper gained on a weaker dollar and as the market waited for cues from China-U.S. trade talks that have started in Beijing. Imported copper concentrate traded actively as smelters saw stronger demand for stockpiling in the second quarter of the year. Copper production at US miner Freeport-McMoRan in the first quarter of the year stood at 952 million pounds, up 11% from 851 million pounds in the same period of 2017.

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