SHANGHAI, Jul. 27 (SMM) – Base metal prices on the SHFE are expected to stage corrections on Jul. 27, Shanghai Metals Market foresees.
“Overall market sentiment remains weak, but prices are expected to see mild corrections today,” Shanghai Metals market says.
A close eye should be paid to result of profit growth at major Chinese industrial enterprises due for release today.
Copper: 37,800-38,500
Aluminum: 12,250-12,400
Lead: 12,630-12,760
Zinc: 14,900-15,000
Tin: 108,500-111,500
Nickel: 82,500-84,500
Note: All prices above are forecasts for most actively-traded contracts on each market.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn