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Tuesday 26 June 2018

EPIC RESEARCH MCX COPPER UPDATE OF 26 JUNE 2018

Copper trading range for the day is 442.9-459.5. Copper dropped hit by increasingly sharp rhetoric between the US, China and the EU, and growing evidence of the economic damage such a conflict could produce. Reflecting a pick-up in demand, U.S. exchange copper stocks have dropped by 10 percent in the past six weeks, reversing an uptrend seen since December. LME stocks are down by more than a fifth from a peak in late March, with nearly 12,000 tonnes reserved on Friday to be taken from warehouses.

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