SHANGHAI, Dec. 1 (SMM) – LME copper will move in a range of USD 4,540-4,600/mt during Asian trading hours Tuesday.
See forecast for other base metals, please click:Shanghai Base Metals to Diverge, SMM Says
Markets will focus on China’s official PMI, Caixin manufacturing PMI and non-manufacturing PMI for November. The official PMI should improve over October’s but still stay below 50.
SHFE 1601 copper should range between RMB 34,600-35,100/mt on Dec. 1 and spot copper will quote at discounts of RMB 60/mt and premiums of RMB 10/mt with ample supply early Dec.