Wednesday, 1 August 2018

EPIC RESEARCH MCX Copper UPDATE OF 1 August 2018

Copper trading range for the day is 418.1-437.1.

Copper prices recovered to settled with gains near 1.12% at 430.15 with talks of a strike at Escondida mine spurring the red metal higher.

Workers at Codelco's Chuquicamata copper mine in Chile, walked off the job on Monday morning and blocked access to the mine, union leaders said

The union at BHP's Escondida mine in Chile, is expected to overwhelmingly reject the final contract offer from the Anglo-Australian miner, increasing the likelihood of a strike.

Warehouse stock for Copper at LME was at 254425mt that is down by -1850mt.

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