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US No Rate Change Decision Cheers Base Metals, SMM Says

iconJun 16, 2016 09:18
Source:SMM
Base metal market is expected to be supported by US’s latest rate decision on Thursday, Shanghai Metals Market foresees.

SHANGHAI, Jun. 16 (SMM) – Base metal market is expected to be supported by US’s latest rate decision on Thursday, Shanghai Metals Market foresees. 

“The dollar was down after US’s no rate change decision, supporting base metal prices, and such positive sentiment is expected to continue today,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-6-16)  

Copper: 35,500-35,850 yuan per tonne

Aluminum: 11,870-12,000 yuan per tonne

Lead: 12,750-12,900 yuan per tonne

Zinc: 15,650-15,850 yuan per tonne

Tin: 111,500-113,500 yuan per tonne

Nickel: 70,600-72,400 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.


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