Base Metals to See Range-Bound Trading, SMM Says -Shanghai Metals Market

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Base Metals to See Range-Bound Trading, SMM Says 

SMM Insight 09:17:39AM Nov 18, 2016 Source:SMM

SHANGHAI, Nov. 18 (SMM) – Base metal prices on the SHFE are expected to look for a direction while fluctuating on Friday, Shanghai Metals Market predicts. 

“The hawkish speech by US Federal Reserve’s chairwomen indicates a very high possibility of rate hike in December’s meeting, but the response from base metals is mild, and Shanghai prices are expected to fluctuate for a direction,” SMM says.  

Copper: 44,200-44,700 yuan per tonne
Aluminum: 13,400-13,600 yuan per tonne
Lead: 17,780-17,980 yuan per tonne
Zinc: 20,700-21,000 yuan per tonne
Tin: 141,500-144,500 yuan per tonne
Nickel: 89,500-92,000 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.

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#1 Refined Cu
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49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
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51.5
0.0
(0.00%)
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50.5
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73.5
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Base Metals to See Range-Bound Trading, SMM Says 

SMM Insight 09:17:39AM Nov 18, 2016 Source:SMM

SHANGHAI, Nov. 18 (SMM) – Base metal prices on the SHFE are expected to look for a direction while fluctuating on Friday, Shanghai Metals Market predicts. 

“The hawkish speech by US Federal Reserve’s chairwomen indicates a very high possibility of rate hike in December’s meeting, but the response from base metals is mild, and Shanghai prices are expected to fluctuate for a direction,” SMM says.  

Copper: 44,200-44,700 yuan per tonne
Aluminum: 13,400-13,600 yuan per tonne
Lead: 17,780-17,980 yuan per tonne
Zinc: 20,700-21,000 yuan per tonne
Tin: 141,500-144,500 yuan per tonne
Nickel: 89,500-92,000 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.