Base Metals to See Mixed Movements, SMM Says-Shanghai Metals Market

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Base Metals to See Mixed Movements, SMM Says

Industry News 09:16:47AM May 25, 2016 Source:SMM

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.


Price

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1# Silver ingots(99.99%)
May.27
3509.0
0.0
(0.00%)
2# Silver ingots(99.95%)
May.27
3494.0
0.0
(0.00%)
3# Silver ingots(99.90%)
May.27
3479.0
0.0
(0.00%)
Gold(99.99%)
May.27
288.4
-0.3
(-0.12%)
Gold(99.95%)
May.27
288.4
-0.1
(-0.03%)

Base Metals to See Mixed Movements, SMM Says

Industry News 09:16:47AM May 25, 2016 Source:SMM

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.