Prices may decline a little on expectations of imports. Processors may have bought enough to keep plants going during the Lunar New Year and may reduce purchases. |
The global economy is growing well, indicating healthy demand for all metals. Funds activities are playing a key role in price fluctuations in this rally. |
We are keeping a close eye on oil, because funds buying and selling of oil would create a chain reaction for other industrial commodities. If oil prices shoot up next week, it may trigger a big rally in the copper market. |