SHANGHAI, Dec. 13 (SMM) – Base metal prices on the SHFE are expected to fluctuate at the current range, and may trade relatively stronger, Shanghai Metals Market predicts.
“A series of China’s economic data for November will be released today, and market expects results to be stable, and Shanghai prices will keep fluctuating at current price range,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-12-13)
Copper: 46,900-47,300 yuan per tonne
Aluminum: 13,250-13,480 yuan per tonne
Lead: 20,500-21,000 yuan per tonne
Zinc: 22,500-22,900 yuan per tonne
Tin: 142,000-144,500 yuan per tonne
Nickel: 94,200-96,200 yuan per tonne
Note: Prices all above are for most-actively traded contract on the SHFE.
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