Base Metal Volatility to Grow, SMM Says

Published: May 3, 2016 09:21

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Base metal prices are expected to see bigger volatility this week, Shanghai Metals Market foresees.

SHANGHAI, May 3 (SMM) – Base metal prices are expected to see bigger volatility this week, Shanghai Metals Market foresees.

“A series of major economic data will be released during this shorter trading week, and price volatility in base metal market will be bigger,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-3)

Copper: 37,600-38,200 yuan per tonne

Aluminum: 12,650-12,750 yuan per tonne

Lead: 13,150-13,250 yuan per tonne

Zinc: 15,100-15,300 yuan per tonne

Tin: 107,000-109,000 yuan per tonne

Nickel: 72,500-75,000 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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