EPIC RESEARCH MCX COPPER UPDATE OF 5 JANUARY 2017

Copper trading range for the day is 373.6-390.8. Copper prices rebounded as support seen after the U.S. dollar lost some of its steam. The Caixin services PMI for China rose to 53.4 that followed solid manufacturing figures from China as well as Japan regionally this week. Deliverable copper stocks at SHFE-approved warehouses rose 12,221 tonnes or 9.1% over the past week to 146,598 tonnes.

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