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Tuesday, 26 April 2016

EPIC RESEARCH MCX COPPER UPDATE OF 26 APRIL 2016

Copper trading range for the day is 328.8-336. 
Copper prices dropped on profit booking after recording its best week in more than three years on the back of signs of improving demand in China.    
Copper prices sentiment has also been dented by figures showing that the market is amply supplied.               
Data from the International Study Group released last week showed the market was in a seasonally-adjusted supply surplus of 50,000 tonnes in January.

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