SHANGHAI, Dec. 10 (SMM) – LME copper will be offered at USD 4,580-4,610/mt during Asian trading hours Thursday.
See forecast for other base metals, please click: Shanghai Base Metal Prices to Rise on Positive News, SMM Says
Attention should be paid to stockpiling of other metals. SHFE 1602 copper is expected to move between RMB 34,750-35,150/mt on Dec. 10 and in China’s spot market, cargo holders are unwilling to sell at widely expanded discounts. Thus, spot copper will trade between discounts of RMB 30/mt and premiums of RMB 20/mt.