It was reported that Bank of America Merrill Lynch adjusted the forecasted prices of certain metals for 2019 and 2020.
Among them, the price forecast for aluminum was lowered to US$1,792/ton from the previous US$1,830/ton, and the forecast in 2020 was also lowered to US$1,830/ton from US$1,900/ton. The price forecast of lead for 2019 was adjusted to US$1,979/ton from US$2,017, and the forecast for 2020 was lowered from US$2,181/ton to US$1,995/ton.
In addition, the price forecast of nickel for 2019 was raised from US$13,033/ton to US$14,158/ton, and that for 2020 was raised from US$15,693/ton to US$17,374/ton. The price forecast of zinc was decreased from US$2,616/ton to US$2,541/ton for 2019, and that for 2020 was cut to US$2,250/ton from US$2,347/ton.
Bank of America Merrill Lynch adjusts forecasted prices of certain metals for 2019 & 2020
19 Aug 2019 11:42 reported by Joy Liu
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