Base Metals to See Range-Bound Trading, SMM Says

SHANGHAI, Oct. 19 (SMM) – Base metal prices on the SHFE are expected to stage range-bound trading on Wednesday, Shanghai Metals Market foresees. 

“A series of data from China and US will be released today, and Shanghai base metals are expected to trade within current price range,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-10-19)

Copper: 37,150-37,400 yuan per tonne

Aluminum: 12,650-12,800 yuan per tonne

Lead: 15,450-15,650 yuan per tonne

Zinc: 18,100-18,300 yuan per tonne

Tin: 128,000-130,000 yuan per tonne

Nickel: 81,300-83,000 yuan per tonne

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

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