SHANGHAI, Mar. 18 (SMM) – Base metal prices on the SHFE are expected to keep rising on Friday, Shanghai Metals Market predicts.
“Price gains on the base metal market are expected to be continuing today, as US Fed’s dovish comments cheer up the market,” SMM says.
Copper: 37,800-38,400 yuan per tonne
Aluminum: 11,370-11,500 yuan per tonne
Lead: 13,630-13,780 yuan per tonne
Zinc: 14,150-14,600 yuan per tonne
Tin: 111,000-113,000 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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