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Monday, 28 November 2016

EPIC RESEARCH MCX COPPER UPDATE OF 28 NOVEMBER 2016


Copper trading range for the day is 395.8-408.6. Copper prices recovered on continued fund buying after prices seen pressure as data showed falling Chinese imports of the metal. Customs data showed China imported 189,812 tons of refined copper in October, down 45% year on year. U.S. durable goods data showed a 4.8% jump, the highest in a year, stoking further expectations of higher demand.




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