Range-Bound Trading to Continue in Base Metals, SMM Says

Published: Oct 20, 2016 09:21

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Base metal prices on the SHFE are expected to keep range-bound trading on Thursday, Shanghai Metals Market foresees.

SHANGHAI, Oct. 20 (SMM) – Base metal prices on the SHFE are expected to keep range-bound trading on Thursday, Shanghai Metals Market foresees.

“Base metals overnight rose after falling initially, but kept trading at the current price range, and Shanghai prices are expected to continue the range-bound trading today,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2016-10-20)

Copper: 37,100-37,350 yuan per tonne
Aluminum: 12,600-12,720 yuan per tonne
Lead: 15,400-15,600 yuan per tonne
Zinc: 18,100-18,300 yuan per tonne
Tin: 128,500-130,000 yuan per tonne
Nickel: 80,000-82,000 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.

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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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