Base Metals to Experience Corrections and Diverge, SMM Says

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. 

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