Weak is Word in Base Metal Market, SMM Says

SHANGHAI, Nov. 18 (SMM) – Base metal prices are expected to see no improvement on Nov. 18, Shanghai Metals Market foresees. 

“Weak is the key word in base metal market now, and the US dollar index is on its way to challenge 100, a big pressure on base metal prices,” SMM says. 

Copper: 34,800-35,300 yuan per tonne

Aluminum: 10,050-10,150 yuan per tonne

Lead: 12,210-12,380 yuan per tonne

Zinc: 12,400-12,600 yuan per tonne

Tin: 88,000-89,000 yuan per tonne

Nickel: 70,000-72,000 yuan per tonne

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

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