EPIC RESEARCH MCX COPPER UPDATE OF 6 JUNE 2018

Copper trading range for the day is 460.4-482.4. Copper rose amid concerns over the potential supply impact of wage negotiations at the world's biggest copper mine. The union at BHP's Escondida facility in Chile said that it had started the latest round of negotiations with a proposal, which includes a bonus of about $34,000 per worker. The premium of three-month copper over the cash contract has fallen to $1.75, its narrowest since March 2017, signalling near-term tightness in the market.

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