SHANGHAI, Nov. 11 (SMM) – Base metal prices on the SHFE are expected to continue rising on Friday, Shanghai Metals Market foresees.
“Bullish sentiment remains in base metal market, so price gains are expected to be continuing, and price divergence is also expected to be big,” SMM says.
Copper: 44,400-45,200 yuan per tonne
Aluminum: 13,950-14,250 yuan per tonne
Lead: 17,200-17,400 yuan per tonne
Zinc: 20,500-20,800 yuan per tonne
Tin: 150,000-155,000 yuan per tonne
Nickel: 91,500-95,000 yuan per tonne
Note: Prices all above are for most-actively traded contract on the SHFE.