SHANGHAI, Dec. 24 (SMM) – LME copper will narrowly range USD 4,660-4,725/mt during Asian trading hours Thursday.
See forecast for other base metals, please click: Base Metal Prices to Rise in Asian Trading Hours as LME closed, SMM Says
Market players close positions for pre-holiday risk aversion. SHFE 1602 copper will range RMB 36,000-36,400/mt on Dec. 24 and spot discounts of RMB 50-130/mt are expected against SHFE 1601 copper in China.
Key Macroeconomic Indicators for Base Metal Prices (2015-12-24)