Chinese Investors Return after Holiday, with Eyes on Data, SMM Says

Published: Oct 10, 2016 13:45

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Base metal prices on the SHFE are expected to be subject to major economic data and news after resuming from the week-long China’s National Day holiday, Shanghai Metals Market says.

SHANGHAI, Oct. 10 (SMM) – Base metal prices on the SHFE are expected to be subject to major economic data and news after resuming from the week-long China’s National Day holiday, Shanghai Metals Market says.
“LME base metals fell initially, and then rose during China’s National Day holiday, and trading volumes were down from the pre-holiday level due to the absence of Chinese investors, and this week, base metal prices on the SHFE are expected to be subject to major economic data and news,” SMM says.
Copper: 37,350-37,750 yuan per tonne
Aluminum: 12,800-13,000 yuan per tonne
Lead: 15,250-15,450 yuan per tonne
Zinc: 18,000-18,200 yuan per tonne
Tin: 127,500-130,000 yuan per tonne
Nickel: 79,800-82,000 yuan per tonne

base metals base metal price base metal price forecast

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