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Wednesday 16 January 2019

EPIC RESEARCH MCX Copper UPDATE OF 16 January 2019

Copper trading range for the day is 413.4-421.

* Copper rose as China signalled more supportive measures to stabilise a slowing economy and U.S. President Donald Trump raised hopes of reaching a trade deal with Beijing.

* China’s state planner said it will aim to achieve “a good start” in the first quarter for the economy, signalling more supportive measures to come.

* London cash copper discounted $30 against the three-month contract, the biggest discount in nearly five months.

* Warehouse stock for Copper at LME was at 133600mt that is down by -100mt.

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