SHANGHAI, Oct. 10 (SMM) - Bank of America Merrill Lynch (BofA Merrill) said October 7 it revised price forecast for major nonferrous metals in 2016, according to wenhua.com.

It expects the average copper price to be $4,734 per tonne in 2016, compared to $4,828 per tonne it had expected earlier.

The bank lowered its price forecast for aluminum from $1,597 to $1,589 per tonne in 2016.

Price forecast for zinc was revised upwardly from $1,987 to $2,061 per tonne, and that for nickel was revised from $9,269 to $10,019 per tonne. Lead prices are expected to average $1,855 in 2016, compared to $1,814 per tonne it had expected earlier.