Base Metals to Trade at Lows, SMM Predicts

SHANGHAI, May 10 (SMM) – Base metal prices on the SHFE are expected to trade at lows on Tuesday, Shanghai Metals Market foresees. 

“If China’s inflation data is positive, some metals will see price upward corrections today, but overall sentiment remains bearish,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-10) 

Copper: 35,600-36,100 yuan per tonne

Aluminum: 11,750-12,000 yuan per tonne

Lead: 12,850-13,000 yuan per tonne

Zinc: 14,400-14,600 yuan per tonne

Tin: 108,000-110,000 yuan per tonne

Nickel: 68,000-70,000 yuan per tonne

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

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