Shanghai Market Faces Pressure on Nervousness in China Stock Prices

SHANGHAI, Jan. 8 (SMM) – Base metal prices on the SHFE are expected to face pressures from the plunge in China’s stock market, Shanghai Metals Market foresees. 

“Investors now eye on trading in China’s stock market after the plunge, and Shanghai base metal market will be also affected,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-1-8)  

Copper: 35,600-36,100 yuan per tonne

Aluminum: 10,520-10,818 yuan per tonne

Lead: 12,840-13,040 yuan per tonne

Zinc: 12,750-12,950 yuan per tonne

Tin: 91,500-92,500 yuan per tonne

Nickel: 67,000-69,000 yuan per tonne

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

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