Base Metals to Keep Strong Tone, SMM Says-Shanghai Metals Market

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Base Metals to Keep Strong Tone, SMM Says

SMM Insight 09:19:25AM Nov 24, 2016 Source:SMM

SHANGHAI, Nov. 24 (SMM) – Base metal prices on the SHFE are expected to keep rising on Thursday, Shanghai Metals Market predicts. 

“LME market overnight registered a big rise, and Shanghai market today will keep a strong tone,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-24)

Copper: 46,800-47,500 yuan per tonne
Aluminum: 13,800-14,070 yuan per tonne
Lead: 19,450-19,650 yuan per tonne
Zinc: 21,700-22,600 yuan per tonne
Tin: 147,500-150,500 yuan per tonne
Nickel: 94,000-96,500 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%)

Base Metals to Keep Strong Tone, SMM Says

SMM Insight 09:19:25AM Nov 24, 2016 Source:SMM

SHANGHAI, Nov. 24 (SMM) – Base metal prices on the SHFE are expected to keep rising on Thursday, Shanghai Metals Market predicts. 

“LME market overnight registered a big rise, and Shanghai market today will keep a strong tone,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-24)

Copper: 46,800-47,500 yuan per tonne
Aluminum: 13,800-14,070 yuan per tonne
Lead: 19,450-19,650 yuan per tonne
Zinc: 21,700-22,600 yuan per tonne
Tin: 147,500-150,500 yuan per tonne
Nickel: 94,000-96,500 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.