SHANGHAI, Aug. 26 (SMM) – Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees.
“Investors now focus on US Federal Reserves’ chairwomen speech at Jackson Hole, and the message from her speech will greatly affect market sentiment,” SMM says.
Copper: 36,100-36,600 yuan per tonne
Aluminum: 12,250-12,430 yuan per tonne
Lead: 13,800-14,000 yuan per tonne
Zinc: 17,500-17,700 yuan per tonne
Tin: 122,500-124,000 yuan per tonne
Nickel: 77,500-79,800 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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