SHANGHAI, Dec. 14 (SMM) – Base metal prices are expected to rise at first this week, and then will move according to each own condition, Shanghai Metals Market predicts.
“Market focus this week will be on US’s rate decision in its December meeting, and before the meeting, base metal prices are expected to rise at first, and then attention should be paid to changes in positions in each market, as this will decide each price movement in the latter part of the week,” SMM says.
Copper: 35,700-36,300 yuan per tonne
Aluminum: 10,473-10,685 yuan per tonne
Lead: 12,950-13,130 yuan per tonne
Zinc: 12,700-12,900 yuan per tonne
Tin: 85,500-87,500 yuan per tonne
Nickel: 67,500-68,800 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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