Declines to Return in Base Metal Market This Week, SMM Says

SHANGHAI, Nov. 30 (SMM) – Base metal market is expected to drop again this week, Shanghai Metals Market foresees. 

“The market will be exposed to a series of risky events, from both industrial and macro-fronts, so there is a big chance for prices to drop again this week,” SMM says. 

The most eye-catching news will be the US’s November non-farm job data due for this Friday, and the US dollar has climbed above 100 as the news is written. 

Copper: 34,700-35,100 yuan per tonne

Aluminum: 10,150-10,350 yuan per tonne

Lead: 12,400-12,600 yuan per tonne

Zinc: 12,600-12,800 yuan per tonne

Tin: 83,700-85,500 yuan per tonne

Nickel: 67,000-69,200 yuan per tonne

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

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