Rising Strength to Ease in Base Metals, SMM Says

Published: Jul 5, 2016 09:26

Save

Base metal prices on the SHFE are expected to diverge on Tuesday, Shanghai Metals Market foresees.

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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metal price forecast base metals base metal prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14