SHANGHAI, Mar. 17 (SMM) – LME copper will rebound to USD 4,930-5,000/mt during Asian trading hours Thursday.
US Fed left its Federal fund rate unchanged in March overnight and lowered forecast for its rate hike, supporting commodity prices.
SHFE 1605 copper will hover between RMB 37,300-37,800/mt on Mar. 17 and spot discounts of RMB 150-200/mt are expected against SHFE front-month contract.