Copper trading range for the day is 446-458.8.Copper dropped on profit booking as investors looked ahead to details of infrastructure-building in U.S. Trump's State of the Union address and Chinese manufacturing PMI data. Chile's Codelco has struck a contract deal with workers at its Andina copper mine, as the state-owned company tries to reach advance agreements with some unions. Hedge funds and money managers cut their net long position in COMEX copper contracts in the week to Jan. 23, U.S. CFTC data showed.
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