Base Metal Prices to Rise at First This Week, SMM Foresees

Published: Dec 14, 2015 09:32

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Base metal prices are expected to rise at first this week, and then will move according to each own condition, Shanghai Metals Market predicts.

SHANGHAI, Dec. 14 (SMM) – Base metal prices are expected to rise at first this week, and then will move according to each own condition, Shanghai Metals Market predicts.

“Market focus this week will be on US’s rate decision in its December meeting, and before the meeting, base metal prices are expected to rise at first, and then attention should be paid to changes in positions in each market, as this will decide each price movement in the latter part of the week,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-14)

Copper: 35,700-36,300 yuan per tonne

Aluminum: 10,473-10,685 yuan per tonne

Lead: 12,950-13,130 yuan per tonne

Zinc: 12,700-12,900 yuan per tonne

Tin: 85,500-87,500 yuan per tonne

Nickel: 67,500-68,800 yuan per tonne

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

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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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