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Thursday 24 January 2019

EPIC RESEARCH MCX Copper UPDATE OF 24 January 2019

Copper trading range for the day is 415.9-424.9.

Copper prices traded in range amid concerns over trade dispute between Washington and Beijing.

China's December refined copper output rose by 4.5 percent year-on-year to 839,000 tonnes, its highest monthly total in 2018.

IMF cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the Eurozone.

Warehouse stock for Copper at LME was at 145575mt that is up by 550mt.

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