Home / Metal News / Nickel / Will Shanghai Base Metal Prices Continue Rising after Sharp Devaluation of Yuan?
Will Shanghai Base Metal Prices Continue Rising after Sharp Devaluation of Yuan?
Aug 12,2015 09:41CST
industry news
Source:SMM
Base metal prices on the SHFE rose Aug. 11 with yuan’s sharp devaluation after PBOC’s decision to improve its central parity system. Will this continue on Aug. 12?

SHANGHAI, Aug. 12 (SMM) – Base metal prices on the SHFE rose Aug. 11 with yuan’s sharp devaluation after PBOC’s decision to improve its central parity system. Will this continue on Aug. 12? 

“Yesterday’s gain on the SHFE is in a sharp contrast to loss on the LME market, and Shanghai base metal prices are tottering now without support,” SMM’s analyst said.  

Copper: 38,300-38,900

Aluminum: 12,040-12,100

Lead: 13,030-13,180

Zinc: 14,400-14,550

Tin: 107,000-108,300

Nickel: 80,300-81,600

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 price forecast
base metal

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news