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Friday 29 April 2016

EPIC RESEARCH MCX COPPER UPDATE OF 29 APRIL 2016

Copper trading range for the day is 321.5-329.3.              
Copper dropped after Chinese exchanges stepped up efforts to cool speculation in some commodities.           
Prices have been weighed down after stockpiles in warehouses tracked by the LME reached the highest in a month, indicating supplies are more plentiful.
Clues to Chinese demand will come next week with the release of surveys of purchasing managers in the country's manufacturing sector.

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