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Declines to Return in Base Metal Market This Week, SMM Says
Nov 30,2015 09:30CST
industry news
Source:SMM
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.

  


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