SHANGHAI, Dec. 8 (SMM) – Base metal prices on the SHFE are expected to remain weak on Dec. 8, Shanghai Metals Market foresees.
“A strong dollar and weak oil prices will continue to weigh down the market,” SMM explains.
On Tuesday, the revised Euro-zone GDP data for the third quarter will be released today.
Copper: 34,650-35,950 yuan per tonne
Aluminum: 10,160-10,350 yuan per tonne
Lead: 12,820-13,020 yuan per tonne
Zinc: 12,400-12,650 yuan per tonne
Tin: 83,000-85,000 yuan per tonne
Nickel: 68,000-70,000 yuan per tone
Note: All prices above are forecasts for most actively-traded contracts on each market.
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