SHANGHAI, Dec. 30 (SMM) – Base metal prices are expected to see diverging trends on Wednesday, Shanghai Metals Market foresees.
“Chinese market will be closed from this Friday for 2016 New Year holiday, and investors will gradually leave the market, and base metal market is expected to see price diverging,” SMM says.
Copper: 36,200-36,700 yuan per tonne
Aluminum: 10,690-10,910 yuan per tonne
Lead: 13,050-13,200 yuan per tonne
Zinc: 13,300-13,500 yuan per tonne
Tin: 93,000-94,000 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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