EPIC RESEARCH MCX COPPER UPDATE OF 18 MAY 2018

Copper trading range for the day is 459.2-467.8. Copper prices gained tracking LME copper finished up 0.8 percent at $6,879 a tonne as support seen due to cool down in dollar. The global copper market to remain in a surplus this year, but a more balanced picture would emerge in 2019. Supply disruptions from labour negotiations were overestimated and that about a third of the expected disruption has been resolved.

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