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Wednesday 13 March 2019

EPIC RESEARCH MCX Copper UPDATE OF 13 March 2019


Copper trading range for the day is 448.2-459.4.

* Copper gained as softer dollar and improving investor sentiment after changes to a Brexit deal lent support to prices.

* Market focus is also on stocks of copper in LME warehouses, which at 113,525 are at their lowest since 2008.

* Concerns about a tight LME market have also created a premium for the cash over the three-month contract.

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