Base Metals to Extend Gains, SMM Says

Published: Mar 18, 2016 09:13

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Base metal prices on the SHFE are expected to keep rising on Friday, Shanghai Metals Market predicts.

SHANGHAI, Mar. 18 (SMM) – Base metal prices on the SHFE are expected to keep rising on Friday, Shanghai Metals Market predicts.

“Price gains on the base metal market are expected to be continuing today, as US Fed’s dovish comments cheer up the market,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-18)

Copper: 37,800-38,400 yuan per tonne

Aluminum: 11,370-11,500 yuan per tonne

Lead: 13,630-13,780 yuan per tonne

Zinc: 14,150-14,600 yuan per tonne

Tin: 111,000-113,000 yuan per tonne

Nickel: 69,000-71,000 yuan per tonne

Note: All prices above are forecasts for most actively-traded contracts on each market.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metal base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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