SHANGHAI, Nov. 22 (SMM) – Base metal prices on the SHFE are expected to lurch higher on Tuesday, Shanghai Metals Market foresees.
“The commodity market overnight, including base metals, rallied across the board, and market sentiment remains positive, and technical corrections will be likely for some products,” SMM says.
Copper: 44,700-45,400 yuan per tonne
Aluminum: 14,000-14,250 yuan per tonne
Lead: 18,300-18,450 yuan per tonne
Zinc: 20,900-21,400 yuan per tonne
Tin: 144,000-147,500 yuan per tonne
Nickel: 91,400-94,000 yuan per tonne
Note: Prices all above are for most-actively traded contract on the SHFE.