EPIC RESEARCH MCX COPPER UPDATE OF 30 NOVEMBER 2016

Copper trading range for the day is 384.4-402. Copper prices dropped as profit-taking continues and global risk-on sentiment pauses. China’s imports of refined copper tumbled by 44.7 per cent year-on-year to 189,812 tonnes in October, a new low in three and a half years. Despite a year-on-year drop in October, imports totaled 2.99 million tonnes from January to October, up 3.32 per cent year-on-year.

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