SHANGHAI, May 5 (SMM) – Base metal market is not expected to get rising momentum Thursday, Shanghai Metals Market foresees.
“No rising momentum is in sight in base metal market, and market sentiment is now cautious ahead of US non-farm payroll data,” SMM says.
Copper: 37,100-37,500 yuan per tonne
Aluminum: 12,450-12,600 yuan per tonne
Lead: 13,050-13,200 yuan per tonne
Zinc: 14,900-15,100 yuan per tonne
Tin: 111,000-113,000 yuan per tonne
Nickel: 74,000-75,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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