Base Metals to Show Price Divergence, SMM Says

SHANGHAI, Aug. 3 (SMM) – Base metal prices on the SHFE are expected to diverge on Wednesday, Shanghai Metals Market foresees. 

“Wide fluctuation is still the main tone of the market, and meanwhile, price divergence is also expected in the Shanghai market,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-3) 

Copper: 37,600-38,100 yuan per tonne

Aluminum: 12,100-12,280 yuan per tonne

Lead: 13,850-14,050 yuan per tonne

Zinc: 17,350-17,550 yuan per tonne

Tin: 119,500-121,000 yuan per tonne

Nickel: 80,700-83,000 yuan 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.