Shanghai Base Metal Prices Remain under Pressure, with Eyes on Liquidity

SHANGHAI, Sept. 8 (SMM) – Base metal prices on the SHFE are expected to remain under downward pressures on Sept. 8, Shanghai Metals Market foresees. 

“Overall sentiment is bearish now, and market liquidity should be closely watched after China’s introduction of circuit breaker in its stock market,” SMM says.  

Copper: 39,200-39,600 yuan per tonne

Aluminum: 11,800-11,890 yuan per tonne

Lead: 13,250-13,380 yuan per tonne

Zinc: 14,580-14,680 yuan per tonne

Tin: 99,000-101,000 yuan per tonne

Nickel: 75,500-76,500 yuan per tonne

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

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