Struggles to Intensify in Base Metals, SMM Says

Published: Jul 7, 2016 09:14

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Base metal prices on the SHFE are expected to show intense struggles today, Shanghai Metals Market foresees.

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.

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

base metal base metal price forecast 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.

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