[Base Metal] Strong Dollar to Weigh on Shanghai Base Metal Prices

Published: Jul 30, 2015 09:49

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Base metal prices on the SHFE are expected to be weighed on by a strong dollar on Jul. 30, Shanghai Metals Market foresees.

SHANGHAI, Jul. 30 (SMM) – Base metal prices on the SHFE are expected to be weighed on by a strong dollar on Jul. 30, Shanghai Metals Market foresees.

“The dollar strengthened ahead of the US Federal Reserve’s meeting result, which was in line with market expectations, and a strong dollar will pressure base metal prices today,” SMM Says.

Copper: 38,500-39,100

Aluminum: 12,270-12,330

Lead: 12,920-13,050

Zinc: 14,900-15,000

Tin: 110,000-113,000

Nickel: 83,000-84,500

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.

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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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