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Monday 28 January 2019

EPIC RESEARCH MCX Copper UPDATE OF 28 January 2019

Copper trading range for the day is 414-436.2.

Copper gained getting support from a weaker dollar amid short-covering ahead of the Lunar New Year holidays in China next month.

China's imports of scrap copper from the United States rose in December from the previous month, customs data showed, snapping six straight months of decline.

China 2018 refined copper up 8 percent y/y at 9.03 million tonnes - stats bureau.

Warehouse stock for Copper at LME was at 146275mt that is up by 600mt.

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