Base Metals to Diverge, SMM Says-Shanghai Metals Market

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Base Metals to Diverge, SMM Says

SMM Insight 09:17:28AM Nov 25, 2016 Source:SMM

SHANGHAI, Nov. 25 (SMM) – Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees. 
“The commodity market was diverging in overnight market, and such condition also occurred in nonferrous market, and the divergence is expected to be cotninuing on Friday,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-25) 

Copper: 48,200-48,800 yuan per tonne
Aluminum: 13,900-14,100 yuan per tonne
Lead: 20,200-20,400 yuan per tonne
Zinc: 22,660-23,000 yuan per tonne
Tin: 146,000-150,000 yuan per tonne
Nickel: 93,800-96,500 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 Diverge, SMM Says

SMM Insight 09:17:28AM Nov 25, 2016 Source:SMM

SHANGHAI, Nov. 25 (SMM) – Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees. 
“The commodity market was diverging in overnight market, and such condition also occurred in nonferrous market, and the divergence is expected to be cotninuing on Friday,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-25) 

Copper: 48,200-48,800 yuan per tonne
Aluminum: 13,900-14,100 yuan per tonne
Lead: 20,200-20,400 yuan per tonne
Zinc: 22,660-23,000 yuan per tonne
Tin: 146,000-150,000 yuan per tonne
Nickel: 93,800-96,500 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.