Copper trading range for the day is 408.7-417.1. Copper prices slipped as worries about demand resurfaced ahead of trade talks between the United States and China that are seen as unlikely to yield progress. Cancelled warrants –for copper in LME-approved warehouses – have risen above 67,000 tonnes, from around 25,000 tonnes last week. Inventories of copper in China, at 155,076 tonnes in warehouses monitored by the Shanghai Futures Exchange have halved since a 2018 peak in March. Subscribe now for best COMMODITY TIPS
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