Societe Generale’s Forecast on Nonferrous Metals Prices 2016-2017

SHANGHAI, Sep. 28 (SMM) - Societe Generale gave its forecast September 27 on major nonferrous metals prices for 2016 and 2017, according to wenhua.com.

It sees copper prices average $4,600 per tonne this year and $4,500 per tonne in 2017.

Spot aluminum prices are expected to be $1,570 per tonne this year, compared to $1,535 per tonne in its previous forecast. It raised forecast of average aluminum price to $1,625 per tonne in 2017.

It predicts the average zinc price will be $2,100 per tonne in 2016.

The bank hiked forecast of the average lead price to $1,865 per tonne in 2016, and $2,200 per tonne in 2017.

It sees the average nickel price at $9,500 per tonne in 2016, and $11,500 per tonne in 2017.

The average tin price is expected to be $17,600 per tonne in 2016, and $21,000 per tonne in 2017.

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