Caution Arises in Base Metals Market, SMM Says

SHANGHAI, Nov. 30 (SMM) – Base metal prices on the SHFE are expected to trade in a strong caution sentiment on Thursday, Shanghai Metals Market foresees. 

“A series of major economic data is going to be released today, including US ADP data for November, OPEC meeting, etc., and market caution is arising in the market,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-11-30)

Copper: 46,000-47,000 yuan per tonne
Aluminum: 13,100-13,400 yuan per tonne
Lead: 21,000-21,200 yuan per tonne
Zinc: 22,600-23,000 yuan per tonne
Tin: 140,000-143,000 yuan per tonne
Nickel: 89,800-93,000 yuan per tonne

Note: Prices all above are for most-actively traded contract on the SHFE.

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