SHANGHAI, Apr. 29 (SMM) – SHFE 1606 copper will bounce back to RMB 37,100-37,600/mt on Apr. 29 with strengthening of crude oil and ferrous metal prices.
LME copper should narrowly range between USD 4,900-4,950/mt during Asian trading hours Friday. In China, spot discounts of RMB 90-150/mt are expected against SHFE 1605 copper.