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Tuesday 11 September 2018

EPIC RESEARCH MCX Copper UPDATE OF 11 September 2018

Copper trading range for the day is 419.7-431.1.

* Copper gained on Rupee weakness despite of after U.S. President Donald Trump threatened to impose tariffs on virtually all Chinese imports into the United States

* China's imports of unwrought copper and copper semis in August declined 6.7% from July to stand at 420,000 mt, showed China Customs data.

* Copper stocks across Shanghai bonded areas shrank 20,300 mt from a week ago to 453,500 mt marking the fifth consecutive week of decline

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