Shanghai Base Metal Prices to Drop on Growing Worries-Shanghai Metals Market

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Shanghai Base Metal Prices to Drop on Growing Worries

Industry News 09:48:08AM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) – Base metal prices on the SHFE are expected to fall on Sept. 23 amid growing concerns, Shanghai Metals Market foresees. 

“Shanghai base metal prices will take a hit amid the tumbling commodity market, and the result of API inventory report and China’s September PMI is expected to trigger new volatility in the commodity market,” SMM says. 

The global stock markets tumbled amid growing concerns over world’s economy, and prices of precious metals drifted lower, and crude oil market saw big volatility. 

Copper: 37760-38600

Aluminum: 11750-11850

Lead: 12980-13120

Zinc: 13350-13500

Tin: 97000-99000

Nickel: 75500-77000

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 Drop on Growing Worries

Industry News 09:48:08AM Sep 23, 2015 Source:SMM

SHANGHAI, Sept. 23 (SMM) – Base metal prices on the SHFE are expected to fall on Sept. 23 amid growing concerns, Shanghai Metals Market foresees. 

“Shanghai base metal prices will take a hit amid the tumbling commodity market, and the result of API inventory report and China’s September PMI is expected to trigger new volatility in the commodity market,” SMM says. 

The global stock markets tumbled amid growing concerns over world’s economy, and prices of precious metals drifted lower, and crude oil market saw big volatility. 

Copper: 37760-38600

Aluminum: 11750-11850

Lead: 12980-13120

Zinc: 13350-13500

Tin: 97000-99000

Nickel: 75500-77000

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.