EPIC RESEARCH MCX COPPER UPDATE OF 31 OCTOBER 2017

Copper trading range for the day is 441.9-449.3.Copper recovered from lows as a retreat in the dollar after its biggest one-week gain this year tempted buyers back to the metal. China's plan to upgrade its industrial sector with "smart" factories, green manufacturing and transport is expected to increase annual copper demand by 232,000 tonnes by 2025. Hedge funds and money managers raised their net long positions in copper by 1,026 contracts to 108,739 contracts, a six-week high, CFTC data showed.



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