Aluminum and Zinc to Outshine Others, SMM Predicts

SHANGHAI, Apr. 14 (SMM) – Diverging price trends are expected to continue on the SHFE market on Thursday, Shanghai Metals Market foresees. 

“Aluminum and zinc will continue outshining on Thursday, as rising momentum of the two products remains strong, and others will trade largely at current price ranges,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-4-14) 

Copper: 36,700-37,100 yuan per tonne

Aluminum: 11,950-12,100 yuan per tonne

Lead: 13,250-13,450 yuan per tonne

Zinc: 14,800-15,200 yuan per tonne

Tin: 111,500-115,000 yuan per tonne

Nickel: 69,500-71,000 yuan per tonne

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

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