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Wednesday 28 November 2018

EPIC RESEARCH MCX Copper UPDATE OF 28 November 2018

Copper trading range for the day is 419.9-432.7.

* Copper dropped following a report that U.S. President Donald Trump expects to move ahead with raising tariffs on $200 billion of Chinese imports.

* Copper is down around 15 percent in London so far in 2018 on concerns the U.S.-China trade spat will hurt demand for industrial metals.

* China's imports of scrap copper from the United States fell 37 percent from the previous month to just 6,065 tonnes in October

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