Shanghai Market Faces Pressure on Nervousness in China Stock Prices

Published: Jan 8, 2016 09:35

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Base metal prices on the SHFE are expected to face pressures from the plunge in China’s stock market, Shanghai Metals Market foresees.

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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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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