SHANGHAI, Jun. 17 (SMM) – Base metal market is expected to be surrounded by strong caution on Jun. 17, Shanghai Metals Market foresees. 

“Weak is still the main tone in base metal market, and the upcoming UK’s EU referendum will add to market caution,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-6-17)

Copper: 35200-35550 yuan per tonne

Aluminum: 11850-12000 yuan per tonne

Lead: 12770-12900 yuan per tonne

Zinc: 15400-15600 yuan per tonne

Tin: 111000-113000 yuan per tonne

Nickel: 69400-70800 per tonne

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

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