EPIC RESEARCH MCX COPPER UPDATE OF 23 FEBRUARY 2018

Copper trading range for the day is 449.1-473.1.Copper prices gained as Chinese investors bought metals as their markets opened after holidays.Record high stocks of copper in land-locked Arizona and Utah are a reflection of soaring transport costs in the US and weak demand.According ICSG, the world copper mine production is estimated to have declined by 2.4 percent in the first eleven months of 2017.


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