SHANGHAI, Aug. 2 (SMM) – LME copper will face downward pressure and range USD 4,850-4,890/mt during Asian trading hours Tuesday.
Crude oil fell back while US dollar grew slightly overnight. LME copper posted declines.
SHFE 1609 copper will fluctuate between RMB 37,500-38,000/mt on Aug. 2. Spot copper in China will be offered at premiums of RMB 0-90/mt against SHFE 1608 copper.