SHANGHAI, Jul. 28 (SMM) – LME copper will move at lows of USD 4,840-4,89/mt during Asian trading hours Thursday.
US housing data and manufacturing data are upbeat, which will boost market confidence.
SHFE 1609 copper will fluctuate between RMB 37,300-37,750/mt on Jul. 28. Spot copper in China will be offered at discounts of RMB 20/mt and premiums of RMB 40/mt against SHFE 1608 copper.