Base Metals to See Diverging, SMM Says-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • Nickel
  • Copper
  • In the United States
  • nickel laterite
  • Morning comments
  • Nickel ore
  • NPI
  • Market commentary

Base Metals to See Diverging, SMM Says

SMM Insight 09:12:29AM Dec 07, 2016 Source:SMM

SHANGHAI, Dec. 7 (SMM) – Base metal prices on the SHFE are expected to diverge on Wednesday, Shanghai Metals Market predicts.

“Base metal prices overnight stopped falling and stabilized, and some products may regain rising strength, and this will also boost those products with relatively weak fundamentals, with Shanghai prices expected to diverge on Wednesday,” SMM says. 

Copper: 47,300-47,950 yuan per tonne

Aluminum: 12,950-13,150 yuan per tonne

Lead: 20,800-21,500 yuan per tonne

Zinc: 22,950-23,500 yuan per tonne

Tin: 143,000-146,000 yuan per tonne

Nickel: 94,800-97,200 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 See Diverging, SMM Says

SMM Insight 09:12:29AM Dec 07, 2016 Source:SMM

SHANGHAI, Dec. 7 (SMM) – Base metal prices on the SHFE are expected to diverge on Wednesday, Shanghai Metals Market predicts.

“Base metal prices overnight stopped falling and stabilized, and some products may regain rising strength, and this will also boost those products with relatively weak fundamentals, with Shanghai prices expected to diverge on Wednesday,” SMM says. 

Copper: 47,300-47,950 yuan per tonne

Aluminum: 12,950-13,150 yuan per tonne

Lead: 20,800-21,500 yuan per tonne

Zinc: 22,950-23,500 yuan per tonne

Tin: 143,000-146,000 yuan per tonne

Nickel: 94,800-97,200 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.