SHANGHAI, Nov. 16 (SMM) – Base metal market is expected to stage bigger volatility this week, Shanghai Metals Market foresees.
“A possible rally in oil and commodity market, technical rebound and a strong dollar will add price volatility in base metal market this week,” SMM points out.
Paris attacks could lead to a serious escalation of tensions in the Middle East, adding to market speculations.
Copper: 36,100-36,500 yuan per tonne
Aluminum: 10,150-10,250 yuan per tonne
Lead: 12,550-12,700 yuan per tonne
Zinc: 12,950-13,100 yuan per tonne
Tin: 89,500-91,500 yuan per tonne
Nickel: 72,500-73,500 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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