Copper Prices Dropped As Stocks In London Metal Exchange Approved

Copper trading range for the day is 424.2-438.6.

Copper prices dropped as stocks in London Metal Exchange-approved warehouses jumped, suggesting lacklustre demand.

There are expectations of a copper market deficit in 2019 to 205,500 tonnes, more than tripling their previous consensus forecast of 64,000 tonnes.

Copper output in the world's top copper producer Chile also fell 3.5 percent to 479,080 tonnes in March.

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