Base Metals to Diverge, SMM Says

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.

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