SHANGHAI, May 12 (SMM) – Base metal prices on the SHFE are expected to improve from a day earlier on Thursday, Shanghai Metals Market foresees.
“Market sentiment is expected to get some boost from rising oil prices and a weak dollar, but price resistance at highs is still there,” SMM says.
Copper: 35,800-36,200 yuan per tonne
Aluminum: 12,000-12,200 yuan per tonne
Lead: 13,100-13,250 yuan per tonne
Zinc: 14,950-15,200 yuan per tonne
Tin: 110,300-110,900 yuan per tonne
Nickel: 69,000-70,500 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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