SHANGHAI, May 25 (SMM) – Base metal prices on the SHFE are expected to show mixed movements on Wednesday, Shanghai Metals Market foresees.
“The oil price is lurching higher, and base metals will get a boost from this, but some products will respond slowly to this positive factor, with mixed movements expected,” SMM says.
Copper: 35,200-35,600 yuan per tonne
Aluminum: 12,170-12,330 yuan per tonne
Lead: 12,600-12,750 yuan per tonne
Zinc: 14,500-14,700 yuan per tonne
Tin: 106,500-108,500 yuan per tonne
Nickel: 66,400-68,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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