SHANGHAI, Apr. 29 (SMM) – Base metal trading on the SHFE is expected to be light on Friday as May Holiday arrives, Shanghai Metals Market foresees.
“Night trading on the SHFE will be suspended for the upcoming the three-day holiday, and prices of oil and ferrous metals are up, and Shanghai prices will stage diverging trends today,” SMM says.
Copper: 37,100-37,600 yuan per tonne
Aluminum: 12,500-12,700 yuan per tonne
Lead: 13,050-13,200 yuan per tonne
Zinc: 14,950-15,250 yuan per tonne
Tin: 108,500-110,000 yuan per tonne
Nickel: 71,500-73,500 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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