Commerzbank: Downside Risks To Copper Prices To Increase At Year-End

Published: Sep 27, 2023 10:54

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According to foreign news on September 26, Commerzbank said on Tuesday that the supply outlook in the copper market has improved significantly, and the downside risks to the estimated copper price of US$8,800 per ton at the end of the year have increased.

The bank said it expects aluminum prices to reach $2,400 per ton by the end of the year, given strong demand from China.

Commerzbank said that given the continued tight supply of primary nickel, prices are expected to tend to rise by the end of the year, reaching $23,000 per ton.

And zinc prices will tend to move sideways more or less.

Source：文华财经

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