SHANGHAI, Apr. 28 (SMM) – LME copper should narrowly range between USD 4,900-4,950/mt during Asian trading hours Thursday.
US Fed decided not to raise its key interest rate at its April rate meeting, which poses little impact on market. Metals will seek direction from crude oil price movements.
SHFE 1606 copper will fluctuate between RMB 37,000-37,500/mt on Apr. 28 and spot discounts of RMB 100-150/mt are expected against SHFE 1605 copper.