[Base Metal] Shanghai Base Metal Prices to Stage Corrections on Jul. 27

SHANGHAI, Jul. 27 (SMM) – Base metal prices on the SHFE are expected to stage corrections on Jul. 27, Shanghai Metals Market foresees.  

“Overall market sentiment remains weak, but prices are expected to see mild corrections today,” Shanghai Metals market says.  

A close eye should be paid to result of profit growth at major Chinese industrial enterprises due for release today. 

Copper: 37,800-38,500

Aluminum: 12,250-12,400

Lead: 12,630-12,760

Zinc: 14,900-15,000

Tin: 108,500-111,500

Nickel: 82,500-84,500

Note: All prices above are forecasts for most actively-traded contracts on each market. 

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