SHANGHAI, Nov. 19 (SMM) – Base metal prices are expected to remain weak, but the pace of falling will slow on Nov. 19, Shanghai Metals Market foresees.
“The relatively neutral tone in US’s October meeting minutes will likely slow rising pace of the dollar, and this will be of help to base metal prices,” SMM says.
Copper: 34,450-34,950 yuan per tonne
Aluminum: 9,950-10,050 yuan per tonne
Lead: 11,900-12,050 yuan per tonne
Zinc: 12,200-12,400 yuan per tonne
Tin: 86,500-88,500 yuan per tonne
Nickel: 69,000-71,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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