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Wednesday, 17 October 2018

EPIC RESEARCH MCX Copper UPDATE OF 17 October 2018

Copper trading range for the day is 448.3-458.5.

* Copper prices fell as a trade war between the United States and the world's top industrial metals consumer China weighed on the market.

* China's unwrought copper imports surged to their highest in 2-1/2 years in September, while copper concentrate imports climbed to an all-time high.

* Yangshan copper import premiums have been near $120 since late September, levels last seen in 2015 and indicating strong demand.

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