SHANGHAI, Mar. 23 (SMM) – Base metal prices on the SHFE are expected to trade at current price range on Wednesday, Shanghai Metals Market foresees.
“Price gains are expected for some metals, but range-bound trading will be the key tone in today’s base metal market,” SMM says.
Copper: 38,100-38,450 yuan per tonne
Aluminum: 11,460-11,540 yuan per tonne
Lead: 13,530-13,680 yuan per tonne
Zinc: 14,300-14,500 yuan per tonne
Tin: 108,500-110,500 yuan per tonne
Nickel: 67,500-70,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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