SHANGHAI, Oct. 27 (SMM) – Base metal prices on the SHFE are projected to return range-bound trading on Thursday, Shanghai Metals Market predicts.
“Overnight, base metal market staged no eye-catching performance, and range-bound trading is expected to be seen on Thursday’s base metal market,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-10-27)
Copper: 37,700-38,050 yuan per tonne
Aluminum: 13,450-13,650 yuan per tonne
Lead: 16,300-16,500 yuan per tonne
Zinc: 18,750-18,950 yuan per tonne
Tin: 133,000-135,000 yuan per tonne
Nickel: 80,800-82,500 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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