SHANGHAI, Mar. 24 (SMM) – Base metal prices on the SHFE are expected to trade downward on Thursday, Shanghai Metals Market foresees.
“All major base metals come under downward pressures technically, except tin, and market sentiment is being depressed by days of disappointing movements,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-24)
Copper: 37,450-37,850 yuan per tonne
Aluminum: 11,430-11,510 yuan per tonne
Lead: 13,470-13,620 yuan per tonne
Zinc: 14,200-14,400 yuan per tonne
Tin: 109,000-111,000 yuan per tonne
Nickel: 67,000-69,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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