SHANGHAI, Jun. 12 (SMM) – Market participants will see light economic data calendar on Monday. LME copper, remaining in upward track, will stabilize above USD 5,800/mt, with price range at USD 5,800-5,850/mt. SHFE 1708 copper, increasing for three days in a row, will fluctuate between RMB 46,200-46,700/mt on Monday.
In China’s domestic market, spot copper should trade at premiums of RMB 50/mt on Monday.