Light Trading Expected in Last Trading Day of 2015, SMM Says

Published: Dec 31, 2015 09:28

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Trading in base metal market is expected to be quiet on Thursday, Shanghai Metals Market foresees.

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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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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