Societe Generale Lowers Base Metals Forecast for 2017 and 2018-Shanghai Metals Market

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Societe Generale Lowers Base Metals Forecast for 2017 and 2018

Industry News 11:00:50AM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) - Societe Generale raised its forecast for aluminum price this year but downgraded its forecast for copper and other base metals, wenhua.com reported.

It lowered zinc price forecast to $2,650 per tonne this year, compared to $2,900 per tonne expected previously. Average zinc price is expected to be $2,800 per tonne in 2018, down from $3,300 per tonne expected previously.

Tin prices will average $20,000 per tonne in 2017, compared to $21,000 per tonne expected previously. Its forecast for the average tin price is lowered from $22,000 per tonne to $21,000 per tonne in 2018.

China 10 Nonferrous Metals Output Rises 2.4% in May

The bank expects copper prices to average $5,700 per tonne in 2017, compared to $6,000 per tonne expected previously. Its forecast for the average copper price is lowered from $6,325 per tonne to $6,000 per tonne in 2018.

Aluminum prices will average $1,900 per tonne in 2017, higher than the $1,800 per tonne expected previously. Its forecast for the average copper price is raised from $1,825 per tonne to $1,965 per tonne in 2018.

China Zinc Imports Return to Loss Territory, SMM Reports

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

 

 

 

Societe Generale Lowers Base Metals Forecast for 2017 and 2018

Industry News 11:00:50AM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) - Societe Generale raised its forecast for aluminum price this year but downgraded its forecast for copper and other base metals, wenhua.com reported.

It lowered zinc price forecast to $2,650 per tonne this year, compared to $2,900 per tonne expected previously. Average zinc price is expected to be $2,800 per tonne in 2018, down from $3,300 per tonne expected previously.

Tin prices will average $20,000 per tonne in 2017, compared to $21,000 per tonne expected previously. Its forecast for the average tin price is lowered from $22,000 per tonne to $21,000 per tonne in 2018.

China 10 Nonferrous Metals Output Rises 2.4% in May

The bank expects copper prices to average $5,700 per tonne in 2017, compared to $6,000 per tonne expected previously. Its forecast for the average copper price is lowered from $6,325 per tonne to $6,000 per tonne in 2018.

Aluminum prices will average $1,900 per tonne in 2017, higher than the $1,800 per tonne expected previously. Its forecast for the average copper price is raised from $1,825 per tonne to $1,965 per tonne in 2018.

China Zinc Imports Return to Loss Territory, SMM Reports

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.