Divergence to Return in Base Metals, SMM Says

Published: Sep 23, 2016 09:11

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Base metal prices on the SHFE are expected to diverge again on Friday, Shanghai Metals Market foresees.

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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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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