SHANGHAI, Mar. 4 (SMM) – Base metal prices on the Shanghai Futures Exchange are expected to consolidate at high levels on Friday, SMM predicts.
“Market expectations of additional policy supports from the NPC & CPPCC held during March 3-4 should lend a boost to base metal prices,” said an SMM analyst. “Base metals will continue to diverge, though.”
Copper: 37,100-37,600 yuan per tonne
Aluminum: 11,320-11,420 yuan per tonne
Lead: 13,800-13,950 yuan per tonne
Zinc: 14,400-14,600 yuan per tonne
Tin:109,000-112,000 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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