EPIC RESEARCH MCX COPPER UPDATE OF 10 AUGUST 2018

Copper trading range for the day is 415-431. Copper prices gained supported by higher-than-expected Chinese consumer price index and producer price index for July. China’s exports growth unexpectedly accelerated in July despite fresh U.S. tariffs, while its trade surplus with the United States remained near record highs. China’s imports of copper concentrate rose to an all-time high last month as Chinese smelters ramped up purchases to feed their growing capacity.

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