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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