Volatility to Grow in Base Metals, SMM Says

Published: Sep 1, 2016 09:12

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Base metal prices on the SHFE are expected to be volatile on Thursday, Shanghai Metals Market foresees.

SHANGHAI, Sep. 1 (SMM) – Base metal prices on the SHFE are expected to be volatile on Thursday, Shanghai Metals Market foresees.

“A series of major economic data from China and US will be released Thursday, and results of those data are expected to add price volatility,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2016-9-1)

Copper: 36,200-36,550 yuan per tonne

Aluminum: 12,150-12,300 yuan per tonne

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

Zinc: 17,950-18,150 yuan per tonne

Tin: 123,500-125,000 yuan per tonne

Nickel: 78,200-79,400 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.

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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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