SHANGHAI, Oct. 28 (SMM) – Base metal prices on the SHFE are expected to be subject to market sentiment on Friday, Shanghai Metals Market foresees.
“US dollar is expected to get a boost from positive outlook for US’s Q3 GDP, whether or not base metal prices will be weighed down will depend on market sentiment,” SMM says.
Copper: 37,800-38,200 yuan per tonne
Aluminum: 13,700-13,900 yuan per tonne
Lead: 16,300-16,500 yuan per tonne
Zinc: 18,800-19,000 yuan per tonne
Tin: 132,500-134,500 yuan per tonne
Nickel: 81,500-83,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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