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Base Metals to See Mixed Movements, SMM Says
May 25, 2016 09:16Base metal prices on the SHFE are expected to show mixed movements on Wednesday, Shanghai Metals Market foresees.
SHANGHAI, May 25 (SMM) – Base metal prices on the SHFE are expected to show mixed movements on Wednesday, Shanghai Metals Market foresees.
“The oil price is lurching higher, and base metals will get a boost from this, but some products will respond slowly to this positive factor, with mixed movements expected,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-25)
Copper: 35,200-35,600 yuan per tonne
Aluminum: 12,170-12,330 yuan per tonne
Lead: 12,600-12,750 yuan per tonne
Zinc: 14,500-14,700 yuan per tonne
Tin: 106,500-108,500 yuan per tonne
Nickel: 66,400-68,000 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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