SHANGHAI, Jan. 13 (SMM) – Base metal market is expected to be predominated by bearish sentiment on Jan. 13, Shanghai Metals Market predicts.
“Bearish conditions will remain strong in base metal market today, and China’s trade data is also expected to be disappointing,” SMM says.
Copper: 34,500-34,900 yuan per tonne
Aluminum: 10,435-10,710 yuan per tonne
Lead: 12,580-12,680 yuan per tonne
Zinc: 12,300-12,500 yuan per tonne
Tin: 96,000-97,000 yuan per tonne
Nickel: 65,000-66,500 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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