Divergence to Return in Base Metals, SMM Says

SHANGHAI, Sep. 23 (SMM) – Base metal prices on the SHFE are expected to diverge again on Friday, Shanghai Metals Market foresees. 

“A weak dollar supported base metal prices overnight, and price divergence is expected to return,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-9-23)

Copper: 37,500-37,850 yuan per tonne

Aluminum: 12,350-12,500 yuan per tonne

Lead: 14,450-14,650 yuan per tonne

Zinc: 17,850-18,050 yuan per tonne

Tin: 125,500-127,000 yuan per tonne

Nickel: 81,200-83,200 yuan per tonne

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

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