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.
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