Shanghai Base Metal Prices to Stay Weak, SMM Says

SHANGHAI, Dec. 8 (SMM) – Base metal prices on the SHFE are expected to remain weak on Dec. 8, Shanghai Metals Market foresees. 

“A strong dollar and weak oil prices will continue to weigh down the market,” SMM explains.  

On Tuesday, the revised Euro-zone GDP data for the third quarter will be released today. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-8) 

Copper: 34,650-35,950 yuan per tonne

Aluminum: 10,160-10,350 yuan per tonne

Lead: 12,820-13,020 yuan per tonne

Zinc: 12,400-12,650 yuan per tonne

Tin: 83,000-85,000 yuan per tonne

Nickel: 68,000-70,000 yuan per tone

Note: All prices above are forecasts for most actively-traded contracts on each market. 

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