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Friday, 16 December 2016

EPIC RESEARCH MCX COPPER UPDATE OF 16 DECEMBER 2016


Copper trading range for the day is 383.6-398.6. Copper remains supported despite a stronger dollar and signs of mounting supply in London Metal Exchange warehouses. Firm Chinese demand is expected to support copper prices going into 2017, though further gains could be difficult. Prices remained supported in recent months as consumption in China proved resilient and Trump’s win boosted speculation about demand.




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