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Base Metals to Return Range-bound Trading

iconOct 27, 2016 09:28
Source:SMM
Base metal prices on the SHFE are projected to return range-bound trading on Thursday, Shanghai Metals Market predicts.

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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