Diverging Trends Expected in Base Metal Market, SMM Says

SHANGHAI, Dec. 30 (SMM) – Base metal prices are expected to see diverging trends on Wednesday, Shanghai Metals Market foresees. 

“Chinese market will be closed from this Friday for 2016 New Year holiday, and investors will gradually leave the market, and base metal market is expected to see price diverging,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-30)

Copper: 36,200-36,700 yuan per tonne

Aluminum: 10,690-10,910 yuan per tonne

Lead: 13,050-13,200 yuan per tonne

Zinc: 13,300-13,500 yuan per tonne

Tin: 93,000-94,000 yuan per tonne

Nickel: 69,000-71,000 yuan per tonne

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

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