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Wednesday 10 October 2018

EPIC RESEARCH MCX Copper UPDATE OF 10 October 2018

Copper trading range for the day is 451.9-469.3.

* Copper prices gained as support seen after the dollar dipped when US bond yields fell.

* China will increase export tax rebates from Nov. 1 and quicken export tax rebate payments to support foreign trade, as a trade war with the United States escalates.

* China’s actions, including a steep cut in the amount of cash that banks must hold as reserves, quickening special bond issuance for shanty-town redevelopment.

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