Rising Momentum to Continue in Base Metals, SMM Says -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Futures movement
  • Aluminium
  • Silicon
  • Inventory data
  • Prebaked anode
  • Copper
  • Lead
  • Evening comments
  • MMi Iron Ore Port Index
  • New Energy Vehicle
  • Nickel
  • NEV
  • Production data
  • Market commentary

Rising Momentum to Continue in Base Metals, SMM Says 

SMM Insight 09:12:03AM Nov 23, 2016 Source:SMM

SHANGHAI, Nov. 23 (SMM) – Base metal prices on the SHFE are expected to keep advancing on Wednesday, Shanghai Metals Market predicts. 

“Rising momentum remains in the commodity market, despite new regulations again by the bourse, and eyes should be also on data results, including US oil inventory data,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-11-23) 

Copper: 45,500-46,050 yuan per tonne
Aluminum: 14,200-14,500 yuan per tonne
Lead: 18,800-19,010 yuan per tonne
Zinc: 21,300-21,700 yuan per tonne
Tin: 145,000-147,500 yuan per tonne
Nickel: 91,600-94,000 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 or service.en@smm.cn.

 

Price

more
#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 Momentum to Continue in Base Metals, SMM Says 

SMM Insight 09:12:03AM Nov 23, 2016 Source:SMM

SHANGHAI, Nov. 23 (SMM) – Base metal prices on the SHFE are expected to keep advancing on Wednesday, Shanghai Metals Market predicts. 

“Rising momentum remains in the commodity market, despite new regulations again by the bourse, and eyes should be also on data results, including US oil inventory data,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-11-23) 

Copper: 45,500-46,050 yuan per tonne
Aluminum: 14,200-14,500 yuan per tonne
Lead: 18,800-19,010 yuan per tonne
Zinc: 21,300-21,700 yuan per tonne
Tin: 145,000-147,500 yuan per tonne
Nickel: 91,600-94,000 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 or service.en@smm.cn.