Base Metals to Fluctuate More Wildly before Dragon Boat Festival, SMM Says

SHANGHAI, Jun. 6 (SMM) - SHFE base metals prices are expected to see rising volatility in the three trading days this week, SMM foresees.

“There will be only three trading days this week due to the Dragon Boat Festival in China. The poor non-farm payrolls in the US weighed down the US dollar significantly, and this will lend support to base metals. Some base metals will face rising volatility due to capital factor” SMM says.

Copper: 35,700-36,100 yuan per tonne

Aluminum: 11,800-11,980 yuan per tonne

Lead: 12,700-12,850 yuan per tonne

Zinc: 15,550-15,800 yuan per tonne

Tin: 107,500-109,500 yuan per tonne

Nickel: 67,500-68,800 yuan per tonne

Note: All prices above are forecasts for most actively-traded contracts on each market. 

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