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Tuesday 29 January 2019

EPIC RESEARCH MCX Copper UPDATE OF 29 January 2019

Copper trading range for the day is 416.8-432.4.

* Copper dropped as pressure seen as synchronised global economic slowdown was under way and any escalation in the U.S.-China trade war would trigger a sharper downturn.

* China's imports of scrap copper from the United States rose in December from the previous month, customs data showed.

* Copper stocks across Shanghai bonded areas declined 8,000 mt from a week ago to stand at 431,000 mt as of Friday Jan 25.

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