EPIC RESEARCH MCX COPPER UPDATE OF 19 APRIL 2018

Copper trading range for the day is 441.1-470.1. Copper prices gained as support seen after from China's surprise move to cut banks' reserve requirement ratio. Several Chinese smelters, including Jiangxi Copper, Dongling, Sihuan and Baiyin Nonferrous, are scheduled to undergo maintenance in April. Total capacity removed from the market by these extended checkups and earlier-than-expected maintenance plans are yet to be known.

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