[Base Metal] Shanghai Base Metal Price to Extend Declines on Jul. 23

SHANGHAI, Jul. 23 (SMM) – Base metal prices on the SHFE are expected to extend losses on Jul. 23, Shanghai Metals Market foresees. 

“Worries over China’s slow growth depress the market, so the SHFE market will continue to fall today, but at a slower pace,” SMM says.  

Copper: 38,700-39,300

Aluminum: 12,300-12,350

Lead: 12,600-12,750

Zinc: 15,000-15,180

Tin: support at 107,700

Nickel: 83,500-85,500 

Note: All prices above are forecasts for most actively-traded contracts on each market. 

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