Base Metals to Trade in Wider Range, SMM Says

SHANGHAI, Aug. 1 (SMM) – Base metal prices are expected to trade in a wider range this week, Shanghai Metals Market foresees. 

“A series of macro-economic data will be released this week, and base metals are expected to stage big volatility,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-1)

Copper: 37,500-38,000 yuan per tonne

Aluminum: 12,250-12,400 yuan per tonne

Lead: 13,750-13,950 yuan per tonne

Zinc: 16,950-17,250 yuan per tonne

Tin: 118,500-120,500 yuan per tonne

Nickel: 80,300-82,000 yuan per tonne

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

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