Shanghai Base Metal Prices to Advance on Improved Sentiment-Shanghai Metals Market

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Shanghai Base Metal Prices to Advance on Improved Sentiment

Industry News 10:23:19AM Sep 09, 2015 Source:SMM

SHANGHAI, Sept. 9 (SMM) – Base metal prices on the SHFE are expected to advance across the board on Sept. 9 on sentiment improvement, Shanghai Metals Market foresees. 

“A rally in China’s stock market, and expectations over the arrival of high-demand season combine to improve market sentiment,” SMM says. 

Moreover, poor data in China also grew market expectations over more easing measures in world’s second largest economy. China’s Ministry of Finance Sept. 8 announced to introduce fiscal measures to support steady growth. 

Copper: 40,600-41,300 yuan per tonne

Aluminum: 11,970-12,050 yuan per tonne

Lead: 13,280-13,420 yuan per tonne

Zinc: 14,750-14,950 yuan per tonne

Tin: 102,000-104,000 yuan per tonne

Nickel: 76,500-79,000 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 Advance on Improved Sentiment

Industry News 10:23:19AM Sep 09, 2015 Source:SMM

SHANGHAI, Sept. 9 (SMM) – Base metal prices on the SHFE are expected to advance across the board on Sept. 9 on sentiment improvement, Shanghai Metals Market foresees. 

“A rally in China’s stock market, and expectations over the arrival of high-demand season combine to improve market sentiment,” SMM says. 

Moreover, poor data in China also grew market expectations over more easing measures in world’s second largest economy. China’s Ministry of Finance Sept. 8 announced to introduce fiscal measures to support steady growth. 

Copper: 40,600-41,300 yuan per tonne

Aluminum: 11,970-12,050 yuan per tonne

Lead: 13,280-13,420 yuan per tonne

Zinc: 14,750-14,950 yuan per tonne

Tin: 102,000-104,000 yuan per tonne

Nickel: 76,500-79,000 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.