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Monday, 3 September 2018

EPIC RESEARCH MCX Copper UPDATE OF 03 September 2018

Copper trading range for the day is 418.5-433.3.

* Copper prices dropped as an unexpected boost in China's manufacturing sector was offset by more trade tensions between the world's two largest economies.

* However, downside seen limited supported by robust Chinese import premiums for physical metal at about $84 a tonne, down from last week's near two-year high of $86 a tonne.

* Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 5.9 percent from last Friday, the exchange said.

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