EPIC RESEARCH MCX COPPER UPDATE OF 23 JULY 2018

Copper trading range for the day is 411.9-425.7. Copper gained as prices received a boost from short-covering and falling inventories after steep losses driven by trade tensions. A union representing workers at Lumina Copper's Caserones mine in Chile said that contract negotiations with the company had failed, paving the way for a potential strike. Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 10.0 percent from last Friday, the exchange said.

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