Diverging Trends Expected in Base Metals Market, SMM Says

Published: Jun 14, 2016 09:26

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Base metal prices are expected to show diverging trends on Jun. 14, Shanghai Metals Market foresees.

SHANGHAI, Jun. 14 (SMM) – Base metal prices are expected to show diverging trends on Jun. 14, Shanghai Metals Market foresees.

“Shanghai base metals closed with gains in night trading, but diverging trends are expected on Tuesday’s trading,” SMM says.

Eyes will be on IEA oil report due for release soon.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-14)

Copper: 35,250-35,600 yuan per tonne

Aluminum: 11,850-12,010 yuan per tonne

Lead: 12,800-12,950 yuan per tonne

Zinc: 15,800-16,050 yuan per tonne

Tin: 111,000-112,500 yuan per tonne

Nickel: 69,200-71,200 yuan per tonne

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

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