EPIC RESEARCH MCX COPPER UPDATE OF 02 JANUARY 2018

Copper trading range for the day is 462-469.4. Copper prices dropped as traders and funds taking profits and squaring books ahead of the year-end after prices seen supported on strong demand in China. Recently copper prices were seen supported by news that Jiangxi Copper had been ordered to halt production for at least a week. Sentiment is very bullish as china's copper imports reportedly rocketed up to 329,168 tonnes in November, up 19 percent year-on-year.






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