Rising Continues in Base Metal Market, SMM Says -Shanghai Metals Market

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Rising Continues in Base Metal Market, SMM Says 

Industry News 09:19:39AM Nov 11, 2016 Source:SMM

SHANGHAI, Nov. 11 (SMM) – Base metal prices on the SHFE are expected to continue rising on Friday, Shanghai Metals Market foresees. 

“Bullish sentiment remains in base metal market, so price gains are expected to be continuing, and price divergence is also expected to be big,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-11-11)

Copper: 44,400-45,200 yuan per tonne
Aluminum: 13,950-14,250 yuan per tonne
Lead: 17,200-17,400 yuan per tonne
Zinc: 20,500-20,800 yuan per tonne
Tin: 150,000-155,000 yuan per tonne
Nickel: 91,500-95,000 yuan per tonne

Note: Prices all above are for most-actively traded contract on the SHFE. 

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

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Rising Continues in Base Metal Market, SMM Says 

Industry News 09:19:39AM Nov 11, 2016 Source:SMM

SHANGHAI, Nov. 11 (SMM) – Base metal prices on the SHFE are expected to continue rising on Friday, Shanghai Metals Market foresees. 

“Bullish sentiment remains in base metal market, so price gains are expected to be continuing, and price divergence is also expected to be big,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-11-11)

Copper: 44,400-45,200 yuan per tonne
Aluminum: 13,950-14,250 yuan per tonne
Lead: 17,200-17,400 yuan per tonne
Zinc: 20,500-20,800 yuan per tonne
Tin: 150,000-155,000 yuan per tonne
Nickel: 91,500-95,000 yuan per tonne

Note: Prices all above are for most-actively traded contract on the SHFE. 

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