SHANGHAI, Nov. 23 (SMM) – Base metal prices on the SHFE are expected to keep advancing on Wednesday, Shanghai Metals Market predicts.
“Rising momentum remains in the commodity market, despite new regulations again by the bourse, and eyes should be also on data results, including US oil inventory data,” SMM says.
Copper: 45,500-46,050 yuan per tonne
Aluminum: 14,200-14,500 yuan per tonne
Lead: 18,800-19,010 yuan per tonne
Zinc: 21,300-21,700 yuan per tonne
Tin: 145,000-147,500 yuan per tonne
Nickel: 91,600-94,000 yuan per tonne
Note: Prices all above are for most-actively traded contract on the SHFE.