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

Published: Jun 7, 2016 09:24

Save

SHFE base metals prices will get little rising impetus, despite a weaker US dollar, with strong resistance at moving averages, 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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals base metals prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn