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Wednesday, 19 December 2018

EPIC RESEARCH MCX Copper UPDATE OF 19 December 2018


Copper trading range for the day is 404.3-442.7.

Copper prices fell as concerns that global trade ructions would cool economic growth were compounded by signs of rising supply.

China's refined copper output rose by 7.6 percent year-on- year to 768,000 tonnes in November, its highest level since June.

Warehouse stock for Copper at LME was at 122000mt that is up by 200mt.

3 Stocks on the LME are sitting at 121,800 tonnes, having last week dipped below 120,000 to the least in more than a decade.


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