SHANGHAI, Jun. 3 (SMM) –SHFE base metals prices will continue diverging from each other today, SMM foresees.
Base metals have shown signs of stabilizing or strengthening, but market should not neglect downward pressure from expectations for US rate hike, SMM added.
Copper: 35,150-35,550 yuan per tonne
Aluminum: 11,980-12,180 yuan per tonne
Lead: 12,700-12,850 yuan per tonne
Zinc: 15,400-15,600 yuan per tonne
Tin: 107,000-108,000 yuan per tonne
Nickel: 66,800-68,200 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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