Base Metals to Lurch Higher, SMM Says

Published: Nov 22, 2016 09:20

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Base metal prices on the SHFE are expected to lurch higher on Tuesday, Shanghai Metals Market foresees.

SHANGHAI, Nov. 22 (SMM) – Base metal prices on the SHFE are expected to lurch higher on Tuesday, Shanghai Metals Market foresees.

“The commodity market overnight, including base metals, rallied across the board, and market sentiment remains positive, and technical corrections will be likely for some products,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2016-11-22)

Copper: 44,700-45,400 yuan per tonne

Aluminum: 14,000-14,250 yuan per tonne

Lead: 18,300-18,450 yuan per tonne

Zinc: 20,900-21,400 yuan per tonne

Tin: 144,000-147,500 yuan per tonne

Nickel: 91,400-94,000 yuan per tonne

Note: Prices all above are for most-actively traded contract on the SHFE.

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