Copper trading range for the day is 416.9-433.1.Copper prices dropped as oil prices retreated from the previous session’s more than two-year high and the dollar strengthened.Tighter copper supply and an increase in refining capacity in top-consumer China should result in lower treatment and refining charges (TC/RCs) by smelters.Worries over stockpiles in South Korean warehouses had driven up discounts of cash copper to their three-month contracts, the discounts are near multi-year highs.
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