EPIC RESEARCH MCX COPPER UPDATE OF 21 FEBRUARY 2018

Copper trading range for the day is 451.9-462.3. Copper traded in the range largely prices remain unchanged in extremely light trading volumes as the Shanghai Futures Exchange is closed. Copper stockpiles in LME-registered warehouses have risen to almost 340,000 tonnes from 200,000 tonnes in early January, suggesting plentiful supply. Copper registered falls after reports that Indonesia had let Freeport start shipping copper concentrates from its Grasberg mine for another year.



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