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Tuesday 26 February 2019

EPIC RESEARCH MCX Copper UPDATE OF 26 February 2019

Copper trading range for the day is 454.7-469.5.

* Copper dropped on profit booking after prices rallied on expectations of a trade agreement between Washington and Beijing.

* On-warrant LME copper inventories, slumped by nearly half to 39,800 tonnes in one day, the lowest since August 2005, LME data showed.

* Chile's Mines Minister Baldo Prokurica maintained the government's 2019 copper price prediction of $3.05 per pound.

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