Copper: Prices of copper hovered at highs as the US dollar weakened on dovish comments by the Federal Reserve Chairman Jerome Powell. Three-month LME copper traded around the $5,940/mt level, and its SHFE counterpart around 46,600 yuan/mt. There is further upward momentum expected in prices today. LME copper is likely to trade between $5,930-5,970/mt, with the most-active SHFE September contract at $46,400-46,800/mt today. Spot sellers are expected to hold offers firm at a premium of 60-120 yuan/mt today as the delivery day approaches, even though high futures prices sidelined downstream consumers. Aluminium: ... (full story)