Base Metals to See Small Upward Room, SMM Says

Published: Aug 25, 2016 09:28

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Base metal prices on the SHFE are estimated to advance on Thursday, Shanghai Metals Market foresees.

SHANGHAI, Aug. 25 (SMM) – Base metal prices on the SHFE are estimated to advance on Thursday, Shanghai Metals Market foresees.

“Shanghai prices are estimated to rise today, but a strong dollar will curb its rising room,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-25)

Copper: 36,000-36,400 yuan per tonne

Aluminum: 12,240-12,450 yuan per tonne

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

Zinc: 17,400-17,600 yuan per tonne

Tin: 122,000-124,000 yuan per tonne

Nickel: 77,500-80,000 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.

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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