EPIC RESEARCH MCX COPPER UPDATE OF 23 APRIL 2018

Copper trading range for the day is 450.2-464.6. Copper gains as support seen after LME copper rises as prices have gotten a boost recently from data pointing to stable growth in China. Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 6.8 percent from last Friday. China's clampdown on scrap copper imports could impact 300,000-400,000 tonnes of raw material supply in the world's top copper consumer in 2019.

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