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

Published: Mar 23, 2016 09:20

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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

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