SHANGHAI, Nov. 1 (SMM) – Base metal prices on the SHFE are expected to diverge again on Tuesday, Shanghai Metals Market foresees.
“The commodity market is prevailed by bullish sentiment, but price divergence is expected to emerge again in base metal market,” SMM says.
Copper: 38,400-38,800 yuan per tonne
Aluminum: 14,100-14,300 yuan per tonne
Lead: 16,500-16,700 yuan per tonne
Zinc: 19,500-19,900 yuan per tonne
Tin: 134,500-136,000 yuan per tonne
Nickel: 82,000-84,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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