Shanghai Base Metal Prices to Rally on Sentiment Improvement, SMM Says-Shanghai Metals Market

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Shanghai Base Metal Prices to Rally on Sentiment Improvement, SMM Says

Industry News 09:43:32AM Aug 28, 2015 Source:SMM

SHANGHAI, Aug. 28 (SMM) – Base metal prices on the SHFE are expected to rally on Aug. 28 due to improved sentiment, Shanghai Metals Market foresees.  

“A gain of China’s stock market has bolstered up market sentiment, and Shanghai base metal prices are expected to rally on Friday,” Shanghai Metals Market says. 

In other news, eyes should be on the annual conference of global central banks from Thursday to Saturday, to seek any new clue of monetary policies in world’s major economies. 

Copper: 39,200-39,800 yuan per tonne

Aluminum: 11,930-12,000 yuan per tonne

Lead: 13,300-13,500 yuan per tonne

Zinc: 14,500-14,750 yuan per tonne

Tin: 99,000-101,000 yuan per tonne

Nickel: 77,000-79,000 yuan per tonne

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.


Shanghai Base Metal Prices to Rally on Sentiment Improvement, SMM Says

Industry News 09:43:32AM Aug 28, 2015 Source:SMM

SHANGHAI, Aug. 28 (SMM) – Base metal prices on the SHFE are expected to rally on Aug. 28 due to improved sentiment, Shanghai Metals Market foresees.  

“A gain of China’s stock market has bolstered up market sentiment, and Shanghai base metal prices are expected to rally on Friday,” Shanghai Metals Market says. 

In other news, eyes should be on the annual conference of global central banks from Thursday to Saturday, to seek any new clue of monetary policies in world’s major economies. 

Copper: 39,200-39,800 yuan per tonne

Aluminum: 11,930-12,000 yuan per tonne

Lead: 13,300-13,500 yuan per tonne

Zinc: 14,500-14,750 yuan per tonne

Tin: 99,000-101,000 yuan per tonne

Nickel: 77,000-79,000 yuan per tonne

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.