Base Metals to See Diverging, SMM Says

Industry News 09:25:20AM Nov 01, 2016 Source:SMM

SHANGHAI, Nov. 1 (SMM) – Base metal prices on the SHFE are expected to diverge again on Tuesday, Shanghai Metals Market foresees. 

“The commodity market is prevailed by bullish sentiment, but price divergence is expected to emerge again in base metal market,” SMM says.  

Copper: 38,400-38,800 yuan per tonne
Aluminum: 14,100-14,300 yuan per tonne
Lead: 16,500-16,700 yuan per tonne
Zinc: 19,500-19,900 yuan per tonne
Tin: 134,500-136,000 yuan per tonne
Nickel: 82,000-84,000 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 to See Diverging, SMM Says

Industry News 09:25:20AM Nov 01, 2016 Source:SMM

SHANGHAI, Nov. 1 (SMM) – Base metal prices on the SHFE are expected to diverge again on Tuesday, Shanghai Metals Market foresees. 

“The commodity market is prevailed by bullish sentiment, but price divergence is expected to emerge again in base metal market,” SMM says.  

Copper: 38,400-38,800 yuan per tonne
Aluminum: 14,100-14,300 yuan per tonne
Lead: 16,500-16,700 yuan per tonne
Zinc: 19,500-19,900 yuan per tonne
Tin: 134,500-136,000 yuan per tonne
Nickel: 82,000-84,000 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.