EPIC RESEARCH MCX COPPER UPDATE OF 7 AUGUST 2018

Copper trading range for the day is 410.4-421. Copper edged lower as the dollar index ticked higher, even as China’s move to place retaliatory tariffs on $60 billion of U.S. goods heightened trade tensions. China’s finance ministry unveiled tariffs on 5,207 goods imported from the United States, with the extra levies ranging from 5 to 25 percent. China imported 432,944 tonnes of copper concentrate from the United States, its eight-biggest supplier, according to Chinese customs data.

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