SHANGHAI, Apr. 26 (SMM) – Base metal prices on the SHFE market are expected to move weakly on Tuesday, Shanghai Metals Market foresees.
“Rising momentum is waning in base metal market with falling prices of ferrous metals and oil, while impact from data due for release today will be also small, and with intense struggles expected in some markets,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-26)
Copper: 37,700-38,100 yuan per tonne
Aluminum: 12,800-13,000 yuan per tonne
Lead: 13,280-13,400 yuan per tonne
Zinc: 14,900-15,150 yuan per tonne
Tin: 108,500-111,000 yuan per tonne
Nickel: 71,000-72,500 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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