Market Eyes on US CPI Data, with Diverging Prices Expected, SMM Says

Published: Mar 15, 2016 09:35

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Base metal prices are expected to stage diverging price movements on Tuesday, Shanghai Metals Market foresees.

SHANGHAI, Mar. 15 (SMM) – Base metal prices are expected to stage diverging price movements on Tuesday, Shanghai Metals Market foresees.

“Rising oil price has grown market expectations over US inflation data for February, and this will also fuel market speculation over its rate decision,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-15)

Copper: 37,200-37,700 yuan per tonne

Aluminum: 11,280-11,380 yuan per tonne

Lead: 13,570-13,750 yuan per tonne

Zinc: 14,000-14,250 yuan per tonne

Tin: 107,500-110,000 yuan per tonne

Nickel: 67,700-69,000 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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