SHANGHAI, Oct. 11 (SMM) – Base metal prices on the SHFE are expected to diverge on Tuesday, Shanghai Metals Market foresees.
“Base metals overnight advanced, neglecting a strong dollar, though some products fell back from highs finally, and on Tuesday, base metal prices are expected to diverge,” SMM says.
Copper: 37,700-38,150 yuan per tonne
Aluminum: 12,600-12,780 yuan per tonne
Lead: 15,650-15,850 yuan per tonne
Zinc: 18,150-18,350 yuan per tonne
Tin: 128,500-130,500 yuan per tonne
Nickel: 81,500-83,200 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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