Home / Metal News / Base Metals to See Range-Bound Trading, SMM Says

Base Metals to See Range-Bound Trading, SMM Says

iconOct 19, 2016 09:18
Source:SMM
Base metal prices on the SHFE are expected to stage range-bound trading on Wednesday, Shanghai Metals Market foresees. 

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. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals
base metal prices
base metal price forecast

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All