Declines to Return in Base Metal Market This Week, SMM Says

Published: Nov 30, 2015 09:30

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Base metal market is expected to drop again this week, Shanghai Metals Market foresees.

SHANGHAI, Nov. 30 (SMM) – Base metal market is expected to drop again this week, Shanghai Metals Market foresees.

“The market will be exposed to a series of risky events, from both industrial and macro-fronts, so there is a big chance for prices to drop again this week,” SMM says.

The most eye-catching news will be the US’s November non-farm job data due for this Friday, and the US dollar has climbed above 100 as the news is written.

Copper: 34,700-35,100 yuan per tonne

Aluminum: 10,150-10,350 yuan per tonne

Lead: 12,400-12,600 yuan per tonne

Zinc: 12,600-12,800 yuan per tonne

Tin: 83,700-85,500 yuan per tonne

Nickel: 67,000-69,200 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 metals 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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