SHANGHAI, Jul. 14 (SMM) – Base metals price on the SHFE is expected to rise across the board on Jul. 14, Shanghai Metals Market foresees.
The rescue deal for Greece after tough talks is believed to improve market sentiment, SMM says, giving support to metals price.
However, caution should be paid to risks from a rising dollar and oil price decline, SMM adds.
Copper: 40,200-40,800 yuan per tonne
Aluminum: 12,430-12,500 yuan per tonne
Lead: 13,130-13,210 yuan per tonne
Zinc: 15,500-15,600 yuan per tonne
Tin: 107,000-111,000 yuan per tonne
Nickel: 84,500-86,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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