SHANGHAI, May 12 (SMM) – LME copper will range USD 4,680-4,720/mt during Asian trading hours Thursday.
Crude oil prices bounced back overnight and US dollar index went lower. This will support copper prices. SHFE 1607 copper will fluctuate between RMB 35,800-36,200/mt on May 12. Spot copper will be offered at premiums of RMB 20-50/mt against SHFE 1605 copper.