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Home / Metal News / Base Metals to Experience Corrections and Diverge, SMM Says

Base Metals to Experience Corrections and Diverge, SMM Says

May 31, 2016 09:15

Source:SMM

SHFE base metals prices are expected to remain range-bound and diverge today, SMM foresees.

SHANGHAI, May 31 (SMM) - SHFE base metals prices are expected to remain range-bound and diverge today, SMM foresees.

“Base metals on the SHFE meet strong pressure but also find solid support.” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-31)

Copper: 35,550-358,500 yuan per tonne

Aluminum: 12,200-12,350 yuan per tonne

Lead: 12,750-12,900 yuan per tonne

Zinc: 14,900-15,050 yuan per tonne

Tin: 106,500-108,300 yuan per tonne

Nickel: 66,800-68,200 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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