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Monday 21 January 2019

EPIC RESEARCH MCX Copper UPDATE OF 21 January 2019

Copper trading range for the day is 421.9-434.5.

Copper prices rose on optimism that the United States and top metals consumer China are closer to resolving their long-running trade dispute.

Prices also seen support as market sentiment improved on hopes of a second Brexit referendum.

Chile's Cochilco state copper commission maintained its average price prediction of $3.05 per pound for 2019, rising to $3.08 for 2020.

Warehouse stock for Copper at LME was at 135100mt that is up by 125mt.

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