SHANGHAI, Jul. 5 (SMM) – Base metal prices on the SHFE are expected to diverge on Tuesday, Shanghai Metals Market foresees. 

“The fallback in night trading indicates big resistance in ways to climb new highs, and the rising momentum is not as strong as earlier, and prices today are expected to diverge,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-7-5) 

Copper: 37,700-38,150 yuan per tonne

Aluminum: 12,300-12,500 yuan per tonne

Lead: 13,150-13,350 yuan per tonne

Zinc: 16,450-16,750 yuan per tonne

Tin: 119,000-122,000 yuan per tonne

Nickel: 78,500-80,500 per tonne

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

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