Shanghai to See Bigger Price Divergences, SMM Says-Shanghai Metals Market

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Shanghai to See Bigger Price Divergences, SMM Says

Industry News 09:27:01AM Jan 06, 2016 Source:SMM

SHANGHAI, Jan. 6 (SMM) – Base metal prices on the SHFE are expected to show bigger divergences on Jan. 6, Shanghai Metals Market foresees. 

“The US API reports a larger-than-expected drop in oil inventories, but its impact on base metal prices will be small as a whole, and price divergences among metals are expected to intensify,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-1-6)

Copper: 36,000-36,500 yuan per tonne

Aluminum: 10,565-10,785 yuan per tonne

Lead: 13,080-13,230 yuan per tonne

Zinc: 13,050-13,250 yuan per tonne

Tin: 92,000-93,000 yuan per tonne

Nickel: 68,000-69,500 yuan per tonne

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

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


Shanghai to See Bigger Price Divergences, SMM Says

Industry News 09:27:01AM Jan 06, 2016 Source:SMM

SHANGHAI, Jan. 6 (SMM) – Base metal prices on the SHFE are expected to show bigger divergences on Jan. 6, Shanghai Metals Market foresees. 

“The US API reports a larger-than-expected drop in oil inventories, but its impact on base metal prices will be small as a whole, and price divergences among metals are expected to intensify,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-1-6)

Copper: 36,000-36,500 yuan per tonne

Aluminum: 10,565-10,785 yuan per tonne

Lead: 13,080-13,230 yuan per tonne

Zinc: 13,050-13,250 yuan per tonne

Tin: 92,000-93,000 yuan per tonne

Nickel: 68,000-69,500 yuan per tonne

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

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.