Volatility Up in Base Metal Market This Week, SMM Says

Published: Nov 16, 2015 09:57

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Base metal market is expected to stage bigger volatility this week, Shanghai Metals Market foresees.

SHANGHAI, Nov. 16 (SMM) – Base metal market is expected to stage bigger volatility this week, Shanghai Metals Market foresees.

“A possible rally in oil and commodity market, technical rebound and a strong dollar will add price volatility in base metal market this week,” SMM points out.

Paris attacks could lead to a serious escalation of tensions in the Middle East, adding to market speculations.

Copper: 36,100-36,500 yuan per tonne

Aluminum: 10,150-10,250 yuan per tonne

Lead: 12,550-12,700 yuan per tonne

Zinc: 12,950-13,100 yuan per tonne

Tin: 89,500-91,500 yuan per tonne

Nickel: 72,500-73,500 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.

base metal base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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