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| CITI Research Lowers Price Forecast for Nickel, Aluminium and Zinc in 2023-2024 But Bets on Higher Copper Prices |
| 2023-5-5 |
CITI Research lowered its 2023 zinc price forecast to $2,882/mt from $2,958/mt.
The bank revised down its 2023 aluminum price forecast from $2,561/mt to $2,475/mt; its 2024 aluminum price forecast from $2,900/mt to $2,800/mt; and its 2025 aluminum price forecast from $3,000/mt to $2,900/mt.
The bank revised down its 2023 nickel price forecast to $23,258/mt from $23,443/mt and lowered its 2024 nickel price forecast to $20,000/mt from $22,000/mt.
However, its 2023 copper price forecast was raised from $8,607/mt to $8,733/mt; the 2024 copper price forecast was raised from $9,000/mt |
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2025-5-6
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Item |
SHFE |
Change |
Cu |
89307 |
-27446 |
Al |
175857 |
-2740 |
Zn |
48477 |
-2901 |
Item |
LME |
Change |
Cu |
195625 |
-1675 |
Al |
411575 |
+0 |
Zn |
172925 |
-875 |
Ni |
200082 |
-336 |
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2023-5-15 |
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1 USD= |
6.7021 |
Inverse: |
0.14921 |
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1 EUR= |
7.8800 |
Inverse: |
0.12690 |
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1 GBP= |
8.6373 |
Inverse: |
0.11578 |
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1 AUD= |
5.2589 |
Inverse: |
0.19015 |
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