Base Metals to Stay Weak as Investors Withdraw before Holiday, SMM Says

SHANGHAI, Jun. 8 (SMM) - SHFE base metals prices are expected to remain weak today as investors are expected to retreat from the market due to China’s Dragon Boat Festival, SMM predicts.

“Today is the last trading day before the Dragon Boat Festival in China. Trading will be very quite.” one SMM analyst said. “SHFE night session will also suspend today.”

Copper: 35,100-35,350 yuan per tonne

Aluminum: 11,600-11,840 yuan per tonne

Lead: 12,650-12,800 yuan per tonne

Zinc: 15,500-15,750 yuan per tonne

Tin: 108,000-109,500 yuan per tonne

Nickel: 67,700-69,100 yuan per tonne

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