EPIC RESEARCH MCX COPPER UPDATE OF 13 JANUARY 2017

Copper trading range for the day is 388.1-409.5. Copper rallied to settle above 400 level market hit its highest since December 12 also helped by supply concerns. Copper remains up this year after Chinese and global economic data fuelled expectations for firm demand in 2017. Copper stocks fell a net 2,525 tonnes at 285,700 tonnes, while cancelled warrants were down 4,800 tonnes at 80,200 tonnes.

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