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Tuesday 5 February 2019

EPIC RESEARCH MCX Copper UPDATE OF 5 February 2019

Copper trading range for the day is 434.4-449.8.

Copper prices gained as President Donald Trump signs a trade deal with China and the global economy recovers.

China's factory activity shrank by the most in almost three years in January as new orders slumped further and output fell.

Top copper miner Codelco said it had struck a contract deal with the union of supervisors at its Gabriela Mistral mine in northern Chile, averting the threat of a strike.

Warehouse stock for Copper at LME was at 149900mt that is down by -50mt.

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