Base Metals to Get Little Upward Momentum from Softer Dollar, SMM Says

SHANGHAI, Jun. 7 (SMM) –SHFE base metals prices will get little rising impetus, despite a weaker US dollar, with strong resistance at moving averages, SMM says.  

Base metals will diverge from each other, SMM added.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-7)

Copper: 35,850-36,150 yuan per tonne

Aluminum: 11,710-11,900 yuan per tonne

Lead: 12,700-12,850 yuan per tonne

Zinc: 15,750-15,950 yuan per tonne

Tin: 108,000-109,500 yuan per tonne

Nickel: 68,000-69,800 yuan per tonne

Note: All prices above are forecasts for most actively-traded contracts on each market. 

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