EPIC RESEARCH MCX COPPER UPDATE OF 11 DECEMBER 2017

Copper trading range for the day is 423-432.2.Copper gained after news that China’s Tongling Nonferrous Metals Group was idling up to 30 percent its smelting capacity to meet winter output restrictions. China’s unwrought copper imports rose by more than 40 percent in November from the previous month, in a sign that China needs more overseas metal. Japanese Industrial Standards (JIS) certification for copper and copper alloy seamless pipes produced by Kobe Steel Ltd's unit Shinko Metal Products has been suspended.

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