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Monday 10 December 2018

EPIC RESEARCH MCX Copper UPDATE OF 10 December 2018

Copper trading range for the day is 429.5-443.9.

Copper gained as reports that the U.S. Federal Reserve could pause from raising interest rates helped the metals recovery.

Pan Pacific Copper (PPC), expects the price of the industrial metal to rise toward $7,000 a tonne in 2019, from about $6,168 now.

Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 5.5 percent from last Friday, the exchange said.

Warehouse stock for Copper at LME was at 124450mt that is down by -500mt.

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