- Copper trading range for the day is 382-389.4.
- Copper dropped on profit booking tracking weakness in LME prices despite of fall in on-warrant stockpiles available to the market at LME warehouses to 176,125 tons.
- China's central bank said that it would continue to implement a prudent and neutral monetary policy, and keep liquidity in the country's financial system basically stable.
- Chile's Antofagasta was facing potential strikes at two mines with combined annual production of 160,000 tons.
- Warehouse stock for Copper at LME was at 315925mt that is up by 40325mt.
- SELL COPPER AUG @ 383.50 SL ABV 390 TGT 375.80-371.50
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