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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