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Wednesday, 11 April 2018

EPIC RESEARCH MCX COPPER UPDATE OF 11 APRIL 2018

Copper trading range for the day is 440.3-456.3. Copper rallied as comments by Chinese President Xi Jinping suggested a less-aggressive stance with respect to trade, which helped to ease concerns. Chile's state-owned miner Codelco, said that it has reached a deal on a new collective labor contract with a union of professional workers at its Chuquicamata mine. Japan’s largest copper smelter Pan Pacific Copper plans to increase its output by 300,000 mt during April to September this year, the company said.

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