Bank of America Merrill Lynch: Bullish at Base Metals Market in 2018

SHANGHAI, Nov.22 (SMM)－Bank of America Merrill Lynch raises anticipated price of aluminium in 2018 to $1.08 per pound (previous anticipation is $0.94 per pound) and raises anticipated price of copper in 2018 to $2.96 per pound (previous anticipation is $2.84 per pound). It estimates bottom price of metallurgical coal will reach $140 per tonne and iron ore market will keep tense, which means its average price will be $65 per tonne.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.