Base Metals to See Price Volatility, SMM Says

Published: Nov 16, 2016 09:12

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Base metal prices on the SHFE are expected to be volatile on Wednesday, Shanghai Metals Market foresees.

SHANGHAI, Nov. 16 (SMM) – Base metal prices on the SHFE are expected to be volatile on Wednesday, Shanghai Metals Market foresees.

“Shanghai prices overnight followed declines in ferrous metals market, and the momentum was weak, and price divergence is expected to be continuing on Wednesday, with big volatility during the trading,” SMM says.

Copper: 43,500-44,500 yuan per tonne
Aluminum: 13,700-14,000 yuan per tonne
Lead: 18,350-18,550 yuan per tonne
Zinc: 21,230-21,800 yuan per tonne
Tin: 143,500-146,500 yuan per tonne
Nickel: 90,000-93,000 yuan per tonne

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

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