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Friday 22 February 2019

EPIC RESEARCH MCX Copper UPDATE OF 22 February 2019

Copper trading range for the day is 451.8-459.2.

* Copper prices eased as the dollar firmed after the Federal Reserve revived expectations for a possible U.S. rate hike this year.

* Intense rains at the start of this month in Chile, likely hurt productivity at state-owned miner Codelco's Chuquicamata and Radomiro Tomic mines.

* Stocks of copper in London Metal Exchange warehouses stand at 139,500 tonnes, close to 10-year lows of 122,500 tonnes hit in early December last year.

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