EPIC RESEARCH MCX COPPER UPDATE OF 23 MARCH 2018

Copper trading range for the day is 429.8-450.8. Copper dropped as pressure seen amid concern about U.S. tariffs on Chinese imports and the possibility of a trade war. The global world refined copper market showed a 17,000 tonnes surplus in December, compared with a 41,000 tonnes deficit in November, the ICSG said. China’s refined copper imports will fall for the third straight year in 2018 as domestic production picks up and consumption slows amid weaker demand from the real estate sector.
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