Copper: Eased trade concerns bolstered most base metals overnight. Weaker-than-expected US retail sales data depressed the greenback, and this also lifted pricesof metals. Maintenance across domestic copper smelters provided momentum in copper prices, with the most-traded SHFE copper up 0.29% and LME copper up 0.56%. We expect the contract to hover below 48,000 yuan/mt today, with support from 47,500 yuan/mt. LME copper is likely to trade at $6,050-6,100/mt. Spot premiums are seen firm at 20-100 yuan/mt today. Aluminium: Upside room in prices of alumina, due to environmental cutbacks in Shanxi province, is likely to ... (full story)