SHANGHAI, Mar. 25 (SMM) – Base metal prices on the SHFE are expected to seek direction from Chinese market as LME market will be closed on Friday, Shanghai Metals Market foresees.
“LME market will be closed for Good Friday, and Shanghai base metals market will look for direction from Chinese equity and the dollar, and prices will be negatively affected if equities fall,” SMM says.
Copper: 37,400-37,800 yuan per tonne
Aluminum: 11,520-11,650 yuan per tonne
Lead: 13,450-13,600 yuan per tonne
Zinc: 14,050-14,250 yuan per tonne
Tin: challenge 112,500 yuan per tonne
Nickel: 67,500-68,800 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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