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Thursday, 17 January 2019

EPIC RESEARCH MCX Copper UPDATE OF 17 January 2019

Copper trading range for the day is 415-426.6.

* Copper prices gained as indications of more stimulus from top consumer China buoyed investor sentiment.

* China's central bank made its biggest daily net cash injection via reverse repo operations on record.

* China copper import premiums have risen to $73 a tonne from an 18-month low of $62.50 in early December, indicating greater near-term demand.

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