SHANGHAI, May 19 (SMM) – Base metal prices on the SHFE market are expected to be negatively affected by a strong dollar on Thursday, Shanghai Metals Market foresees.
“The dollar is now gaining momentum from April’s rate meeting minutes just released, and this will weigh down base metal market,” SMM says.
Copper: 35,200-35,700 yuan per tonne
Aluminum: 12,200-12,420 yuan per tonne
Lead: 12,700-12,850 yuan per tonne
Zinc: 14,900-15,100 yuan per tonne
Tin: 105,000-107,500 yuan per tonne
Nickel: 66,800-68,400 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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