EPIC RESEARCH MCX COPPER UPDATE OF 6 AUGUST 2018

Copper trading range for the day is 409-427.4. Copper prices gained as the dollar lost ground after weaker-than-expected U.S jobs data. Workers at the Escondida copper mine in Chile will go on strike unless the company improves their previous offer by August 6. Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 2.2 percent from last Friday, the exchange said. Warehouse stock for Copper at LME was at 250625mt that is down by -825mt.

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