Base Metals to See Small Upward Room, SMM Says

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. 

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