SHANGHAI, Nov. 21 (SMM) – Base metal prices on the SHFE are expected to come downward pressures from a strong dollar, Shanghai Metals Market foresees.
“Monday will see a light data, and the dollar remains firm, and this is expected to weigh down base metal prices,” SMM says.
Copper: 43,600-44,500 yuan per tonne
Aluminum: 13,450-13,650 yuan per tonne
Lead: 17,650-17,850 yuan per tonne
Zinc: 20,600-21,000 yuan per tonne
Tin: 137,000-141,000 yuan per tonne
Nickel: 87,500-90,500 yuan per tonne
Note: Prices all above are for most-actively traded contract on the SHFE.