SHANGHAI, May 6 (SMM) – Base metal prices on the SHFE are expected to stay weak on Friday, Shanghai Metals Market foresees.
“Investors now take cautious stance ahead of US non-farm payrolls, and base metal prices will remain weak as a result,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)
Copper: 36,400-36,800 yuan per tonne
Aluminum: 12,150-12,350 yuan per tonne
Lead: 12,850-13,000 yuan per tonne
Zinc: 14,700-15,000 yuan per tonne
Tin: 110,000-112,000 yuan per tonne
Nickel: 70,000-72,500 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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