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Monday, 24 December 2018

EPIC RESEARCH MCX Copper UPDATE OF 24 December 2018

Copper trading range for the day is 413.1-424.9.

* Copper dropped as dollar gained after prices earlier seen supported by concerns over lower mine output and a report showing a widening supply deficit.

* The global world refined copper market showed a 168,000 tonnes deficit in September, compared with a 43,000 tonnes deficit in August.

* Copper stocks across Shanghai bonded areas stood at 419,500 mt as of Friday December 21, up 3,800 mt, data showed.

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