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Monday 2 April 2018

EPIC RESEARCH MCX COPPER UPDATE OF 2 APRIL 2018

Copper trading range for the day is 432.6-441.6. Copper prices ended with gains on short covering as support seen amid receding fears about a trade. South Korea is seeking to buy 500 tonnes of copper for July arrival, state-run Public Procurement Service said. The rise in copper inventories has seen the discount of LME cash copper to the three-month contract reach $42.50 tonnes, close to January levels of $46.

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