SHANGHAI, Mar. 15 (SMM) – Base metal prices are expected to stage diverging price movements on Tuesday, Shanghai Metals Market foresees.
“Rising oil price has grown market expectations over US inflation data for February, and this will also fuel market speculation over its rate decision,” SMM says.
Copper: 37,200-37,700 yuan per tonne
Aluminum: 11,280-11,380 yuan per tonne
Lead: 13,570-13,750 yuan per tonne
Zinc: 14,000-14,250 yuan per tonne
Tin: 107,500-110,000 yuan per tonne
Nickel: 67,700-69,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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