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Base Metals to Keep Diverging, SMM Says

iconFeb 17, 2017 09:11
Source:SMM
Base metal prices on the SHFE are expected to keep diverging on Friday, Shanghai Metals Market predicts. 

SHANGHAI, Feb. 17 (SMM) – Base metal prices on the SHFE are expected to keep diverging on Friday, Shanghai Metals Market predicts. 

“The dollar is expected to trade weakly before Trump’s detailed plan for tax, regulation easing and infrastructure spending, and Shanghai base metal prices are estimated to diverge further,” SMM says.

Copper: 48250-48800 yuan per tonne
Aluminum: 14200-14500 yuan per tonne
Lead: 18500-19200 yuan per tonne
Zinc: 23250-23600 yuan per tonne
Tin: 147500-149500 yuan per tonne
Nickel: 90500-92800 yuan per tonne

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

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