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Friday 17 August 2018

EPIC RESEARCH MCX COPPER UPDATE OF 17 AUGUST 2018

Copper trading range for the day is 395.2-420.2. Copper prices ended with losses on news of fresh U.S.-China trade talks. The union for Chile’s Escondida said that it will avert its planned strike to consult members about a renewed proposal for a labour contract from BHP. China’s July refined copper output rises 11.8 pct y/y to 732,000 tonnes - stats bureau. Warehouse stock for Copper at LME was at 257400mt that is down by -225mt.

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