Base Metals to Trade in Wide Range, SMM Says

SHANGHAI, Dec. 12 (SMM) – Base metal prices on the SHFE are expected to swing this week, Shanghai Metals Market predicts. 

“US Fed’s December rate meeting will be market focus this week, in addition to manufacturing PMIs in many countries ahead of Christmas holiday, and Shanghai prices are expected to trade in a wide range this week,” SMM says. 

Copper: 47,200-47,800 yuan per tonne

Aluminum: 13,300-13,500 yuan per tonne

Lead: 20,500-21,000 yuan per tonne

Zinc: 22,500-22,900 yuan per tonne

Tin: 142,500-144,500 yuan per tonne 

Nickel: 94,800-97,500 yuan per tonne

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

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