EPIC RESEARCH MCX COPPER UPDATE OF 01 AUGUST 2017

Copper trading range for the day is 405.2-416.6. Copper prices rose to fresh two-year highs as support seen after the stronger demand from China and reduced supply pushed prices. China's manufacturing purchasing managers index, fell to 51.4 in July, falling short of expectations for 51.6 but still signaling expansion.Better demand from China and emerging markets and the weak dollar are helping drive copper.

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