SHANGHAI, Aug. 4 (SMM) – LME copper will narrowly range USD 4,850-4,900/mt during Asian trading hours Thursday.
The ADP report was upbeat and US dollar bounced back overnight. Crude oil also posted rallies.
SHFE 1609 copper will fluctuate between RMB 37,500-38,000/mt on Aug. 4. Spot copper in China will be offered at premiums of RMB 50-140/mt against SHFE 1608 copper.
Key Macroeconomic Indicators for Base Metal Prices (2016-8-4)



