Strong Dollar to Weigh down Base Metals, SMM Says -Shanghai Metals Market

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Strong Dollar to Weigh down Base Metals, SMM Says 

SMM Insight 09:16:03AM Nov 21, 2016 Source:SMM

SHANGHAI, Nov. 21 (SMM) – Base metal prices on the SHFE are expected to come downward pressures from a strong dollar, Shanghai Metals Market foresees.  

“Monday will see a light data, and the dollar remains firm, and this is expected to weigh down base metal prices,” SMM says. 

Copper: 43,600-44,500 yuan per tonne
Aluminum: 13,450-13,650 yuan per tonne
Lead: 17,650-17,850 yuan per tonne
Zinc: 20,600-21,000 yuan per tonne
Tin: 137,000-141,000 yuan per tonne
Nickel: 87,500-90,500 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 or service.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%)

Strong Dollar to Weigh down Base Metals, SMM Says 

SMM Insight 09:16:03AM Nov 21, 2016 Source:SMM

SHANGHAI, Nov. 21 (SMM) – Base metal prices on the SHFE are expected to come downward pressures from a strong dollar, Shanghai Metals Market foresees.  

“Monday will see a light data, and the dollar remains firm, and this is expected to weigh down base metal prices,” SMM says. 

Copper: 43,600-44,500 yuan per tonne
Aluminum: 13,450-13,650 yuan per tonne
Lead: 17,650-17,850 yuan per tonne
Zinc: 20,600-21,000 yuan per tonne
Tin: 137,000-141,000 yuan per tonne
Nickel: 87,500-90,500 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 or service.en@smm.cn.