SHANGHAI, Dec. 31 (SMM) – Trading in base metal market is expected to be quiet on Thursday, Shanghai Metals Market foresees.
“Thursday is the last trading day of 2015, and investors are leaving for 2016 New Year holiday, so trading is expected to be quiet, with diverging trends to continue,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2015-12-31)
Copper: 36,300-36,700 yuan per tonne
Aluminum: 10,800-10,900 yuan per tonne
Lead: 13,030-13,180 yuan per tonne
Zinc: 13,350-13,550 yuan per tonne
Tin: 92,000-94,000 yuan per tonne
Nickel: 69,500-71,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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