Base Metals to Swing in Wide Range, SMM Says

Published: Dec 5, 2016 09:18

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Base metal prices on the SHFE are expected to trade in a wide range this week, Shanghai Metals Market predicts.

SHANGHAI, Dec. 5 (SMM) – Base metal prices on the SHFE are expected to trade in a wide range this week, Shanghai Metals Market predicts.

“This week, Shanghai base metal prices are expected to trade in a wide range, and overall sentiment remains positive,” SMM says.

Copper: 46,200-46,950 yuan per tonne
Aluminum: 17,200-17,500 yuan per tonne
Lead: 19,500-20,000 yuan per tonne
Zinc: 22,100-22,700 yuan per tonne
Tin: 143,000-146,000 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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