EPIC RESEARCH MCX COPPER UPDATE OF 30 JULY 2018

Copper trading range for the day is 419.4-434.8. Copper pared gains on profit booking after prices remained supported amid tense negotiations at Chile's Escondida copper mine, the world's largest. Beijing vowed to pursue a more “vigorous” fiscal policy, including cutting taxes, as authorities stepped up efforts to support growth amid rising economic headwinds. Higher arrivals of cargoes and declining downstream demand at the end of the month grew supplies in the market.

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