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Thursday 20 December 2018

EPIC RESEARCH MCX Copper UPDATE OF 20 December 2018

Copper trading range for the day is 414.9-430.5.

* Copper rebounded on hopes the U.S. central bank would slow the pace of interest rate rises, supporting metals demand.

* The discount of LME cash copper to the three-month contract stood at $25.25 a tonne, after hitting $27.50, the widest discount since August.

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

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