Copper: Copper prices weakened overnight, as trade tensions raised concerns about global economic growth and exchange rate fluctuation and as China’s new loans dipped more than expected in July. Three-month LME copper lost 0.45% on Monday to end at $5,740.5/mt, while the most active SHFE October contract shed 0.26% to close at 46,580 yuan/mt overnight. Anemic consumption in China could not offer support, either. Copper prices are expected to remain weak and rangebound today. LME copper is likely to move between $5,730-5,770/mt, with SHFE copper at 46,500-46,800 yuan/mt. Spot premiums are seen firm at 30-70 yuan/mt, ... (full story)