Growing Caution to Keep Shanghai Base Metal Prices in Check-Shanghai Metals Market

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Growing Caution to Keep Shanghai Base Metal Prices in Check

Industry News 09:38:06AM Sep 11, 2015 Source:SMM

SHANGHAI, Sept. 11 (SMM) – Base metal prices on the SHFE market are expected to be checked by stronger caution on Sept. 11, Shanghai Metals Market foresees.  

“The rise in CPI, but a sharp year-on-year drop in PPI in August, released yesterday, grew market concerns over its economy,” SMM says. 

Moreover, job data from the US again signified a stabilizing labor market. 

The US dollar index, however, finished down 0.45% as world’s slow economy increased market doubts on a possible interest rate hike by the US Fed in September’s meeting.  

Copper: 40,800-41,300 yuan per tonne

Aluminum: 12,000-12,090 yuan per tonne

Lead: 13,330-13,450 yuan per tonne

Zinc: 14,800-14,950 yuan per tonne

Tin: 102,500-103,500 yuan per tonne

Nickel: 80,000 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.


Growing Caution to Keep Shanghai Base Metal Prices in Check

Industry News 09:38:06AM Sep 11, 2015 Source:SMM

SHANGHAI, Sept. 11 (SMM) – Base metal prices on the SHFE market are expected to be checked by stronger caution on Sept. 11, Shanghai Metals Market foresees.  

“The rise in CPI, but a sharp year-on-year drop in PPI in August, released yesterday, grew market concerns over its economy,” SMM says. 

Moreover, job data from the US again signified a stabilizing labor market. 

The US dollar index, however, finished down 0.45% as world’s slow economy increased market doubts on a possible interest rate hike by the US Fed in September’s meeting.  

Copper: 40,800-41,300 yuan per tonne

Aluminum: 12,000-12,090 yuan per tonne

Lead: 13,330-13,450 yuan per tonne

Zinc: 14,800-14,950 yuan per tonne

Tin: 102,500-103,500 yuan per tonne

Nickel: 80,000 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.