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Friday 19 October 2018

EPIC RESEARCH MCX Copper UPDATE OF 19 October 2018

Copper trading range for the day is 443.1-452.7.

# Copper extended losses curbed by tepid spot trading amid increasing stockpiles at the futures exchange.

# Stocks of cash-settled copper futures warrants in China increased for a fourth straight session, adding 2,887 tonnes to 58,230 tonnes, SHFE data showed.

# Increase in refined copper imports and expansion of smelter capacity in China would also weighing on copper prices.

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