Base Metals to Stay Firm, SMM Says -Shanghai Metals Market

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Base Metals to Stay Firm, SMM Says 

SMM Insight 09:17:42AM Nov 28, 2016 Source:SMM

SHANGHAI, Nov. 28 (SMM) – Base metal prices on the SHFE are expected to stay firm despite of upcoming major news both economically and politically, Shanghai Metals Market foresees. 

“This week, a slew of major news will be released, including US non-farm payrolls, OPEC meeting and Italy’s constitutional referendum, and base metals will keep firm due to a weak Chinese yuan,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-28)

Copper: 48,000-48,850 yuan per tonne
Aluminum: 13,700-13,900 yuan per tonne
Lead: 21,050-21,250 yuan per tonne
Zinc: 23,400-24,000 yuan per tonne
Tin: 145,000-148,000 yuan per tonne
Nickel: 94,500-97,200 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.

 

Base Metals to Stay Firm, SMM Says 

SMM Insight 09:17:42AM Nov 28, 2016 Source:SMM

SHANGHAI, Nov. 28 (SMM) – Base metal prices on the SHFE are expected to stay firm despite of upcoming major news both economically and politically, Shanghai Metals Market foresees. 

“This week, a slew of major news will be released, including US non-farm payrolls, OPEC meeting and Italy’s constitutional referendum, and base metals will keep firm due to a weak Chinese yuan,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2016-11-28)

Copper: 48,000-48,850 yuan per tonne
Aluminum: 13,700-13,900 yuan per tonne
Lead: 21,050-21,250 yuan per tonne
Zinc: 23,400-24,000 yuan per tonne
Tin: 145,000-148,000 yuan per tonne
Nickel: 94,500-97,200 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.