SHANGHAI, Sept. 9 (SMM) – Base metal prices on the SHFE are expected to advance across the board on Sept. 9 on sentiment improvement, Shanghai Metals Market foresees.
“A rally in China’s stock market, and expectations over the arrival of high-demand season combine to improve market sentiment,” SMM says.
Moreover, poor data in China also grew market expectations over more easing measures in world’s second largest economy. China’s Ministry of Finance Sept. 8 announced to introduce fiscal measures to support steady growth.
Copper: 40,600-41,300 yuan per tonne
Aluminum: 11,970-12,050 yuan per tonne
Lead: 13,280-13,420 yuan per tonne
Zinc: 14,750-14,950 yuan per tonne
Tin: 102,000-104,000 yuan per tonne
Nickel: 76,500-79,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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