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Home / Metal News / Range-Bound Trading Expected in Base Metal Market, SMM Says

Range-Bound Trading Expected in Base Metal Market, SMM Says

iconMar 23, 2016 09:20
Base metal prices on the SHFE are expected to trade at current price range on Wednesday, Shanghai Metals Market foresees.

SHANGHAI, Mar. 23 (SMM) – Base metal prices on the SHFE are expected to trade at current price range on Wednesday, Shanghai Metals Market foresees. 

“Price gains are expected for some metals, but range-bound trading will be the key tone in today’s base metal market,” SMM says.  

Copper: 38,100-38,450 yuan per tonne

Aluminum: 11,460-11,540 yuan per tonne

Lead: 13,530-13,680 yuan per tonne

Zinc: 14,300-14,500 yuan per tonne

Tin: 108,500-110,500 yuan per tonne

Nickel: 67,500-70,000 yuan per tonne

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

News in ferrous market: Will China Iron Ore Prices Continue Rising? SMM Reports

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


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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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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