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Friday 25 January 2019

EPIC RESEARCH MCX Copper UPDATE OF 25 January 2019

Copper trading range for the day is 410.6-423.8.

Copper prices dropped amid concerns over slowing economic growth in top industrial metals consumer China.

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

Arrivals of China’s scrap copper last month rose to 250,000 tonnes, the highest since December 2017, from 220,000 tonnes in November, customs data showed.

Warehouse stock for Copper at LME was at 145675mt that is up by 100mt.

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