Struggles to Intensify in Base Metals, SMM Says

SHANGHAI, Jul. 7 (SMM) – Base metal prices on the SHFE are expected to show intense struggles today, Shanghai Metals Market foresees. 

“Expectations over global easing policy are continuing supporting the market, but poor fundamentals remain negative, with struggles to intensify,” SMM says. 

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

Copper: 36,950-37,400 yuan per tonne

Aluminum: 12,500-12,700 yuan per tonne

Lead: 13,050-13,250 yuan per tonne

Zinc: 16,200-16,600 yuan per tonne

Tin: 117,000-120,000 yuan per tonne

Nickel: 79,000-81,500 per tonne

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

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