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Base Metals to Stay Weak, SMM Says
May 6, 2016 09:12Source:SMM
Base metal prices on the SHFE are expected to stay weak on Friday, Shanghai Metals Market foresees.
SHANGHAI, May 6 (SMM) – Base metal prices on the SHFE are expected to stay weak on Friday, Shanghai Metals Market foresees.
“Investors now take cautious stance ahead of US non-farm payrolls, and base metal prices will remain weak as a result,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)
Copper: 36,400-36,800 yuan per tonne
Aluminum: 12,150-12,350 yuan per tonne
Lead: 12,850-13,000 yuan per tonne
Zinc: 14,700-15,000 yuan per tonne
Tin: 110,000-112,000 yuan per tonne
Nickel: 70,000-72,500 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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.
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