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Base Metals to Trade at Lows, SMM Predicts
May 10, 2016 09:12Base metal prices on the SHFE are expected to trade at lows on Tuesday, Shanghai Metals Market foresees.
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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