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Thursday 6 December 2018

EPIC RESEARCH MCX Copper UPDATE OF 6 December 2018

Copper trading range for the day is 430.2-441.2.

Copper gained on short covering after prices seen pressure as Washington-Beijing trade tensions resurfaced, raising concerns over demand in the China.

China expressed confidence that it can reach a trade deal with the United States, despite fresh warnings from President Trump that he would revert to more tariffs.

Premiums for imports of copper into China, sank to an 18-month low on Monday in a sign that demand for physical metal is waning after a buying spree.

Warehouse stock for Copper at LME was at 128200mt that is down by -1975mt.

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