EPIC RESEARCH MCX COPPER UPDATE OF 24 JULY 2018

Copper trading range for the day is 415.6-426.2. Copper eased on mounting concerns that escalating trade tariff spats could dent demand, although a weaker dollar cushioned losses. The global world refined copper market showed a 98,000 tonnes deficit in April, compared with a 66,000 tonnes surplus in March, the ICSG said. Labor negotiations at Chile’s Escondida copper mine, are frozen without signs of progress toward an agreement just over a week before the current contract expires.

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