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Thursday 4 October 2018

EPIC RESEARCH MCX Copper UPDATE OF 04 October 2018

Copper trading range for the day is 452.1-471.9.

* Copper gained supported by improved global trade sentiment due to the newly developed United States-Mexico-Canada Agreement in North America.

* China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said.

* Copper production in Democratic Republic of Congo, Africa’s top producer, is expected to rise 11.6 percent to 1.2 million tonnes by end-2018.

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