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Tuesday 18 September 2018

EPIC RESEARCH MCX Copper UPDATE OF 18 September 2018

Copper trading range for the day is 421.9-434.3.

* Copper edged higher as a weaker greenback helped alleviate selling pressure brought on by expectations the U.S. is set to pull the trigger on a fresh round of tariffs against China.

* On-warrant stocks of copper in LME-registered warehouses rose 2,875 tonnes to 145,400 tonnes, but are down from more than 234,000 tonnes in mid-August.

* Inventories in Shanghai Futures Exchange (ShFE) warehouses also fell to the lowest since November at 124,566 tonnes.

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