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Tuesday, 20 December 2016

EPIC RESEARCH MCX COPPER UPDATE OF 20 DECEMBER 2016


Copper trading range for the day is 366.2-388. Copper prices ended with losses as pressure continues as inventories pile up ahead of year-end. Macquarie says sees average 2017 copper price forecast at $5,350 per tonne, sees 2018 copper outlook at $5,100 a tonne Hedge funds and money managers raised their net long position in copper futures and options to a record for the sixth straight week.



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