Volatility Up at Highs in Base Metal Market, SMM Says

SHANGHAI, Apr. 25 (SMM) – Base metal prices are expected to stage big volatility at highs this week, Shanghai Metals Market foresees. 

“This week will be the last trading week of April, and a series of major news, including US meeting, will be released, and volatility in base metal market is expected to grow,” SMM says. 

Eyes should be also paid to stocking needs in China’s domestic spot market before three-day May holiday in early May. 

Key Macroeconomic Indicators for Base Metal Prices (2016-4-25)

Copper: 37,700-38,200 yuan per tonne

Aluminum: 12,750-13,050 yuan per tonne

Lead: 13,340-13,490 yuan per tonne

Zinc: 14,950-15,500 yuan per tonne

Tin: 109,000-112,000 yuan per tonne

Nickel: 71,000-73,500 yuan per tonne

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

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