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Home / Metal News / Base Metals to See Weak Trading, SMM Says 

Base Metals to See Weak Trading, SMM Says 

iconDec 14, 2016 09:16
Source:SMM
Base metal prices on the SHFE are expected to be weak on Wednesday, Shanghai Metals Market foresees. 

SHANGHAI, Dec. 14 (SMM) – Base metal prices on the SHFE are expected to be weak on Wednesday, Shanghai Metals Market foresees. 

“Market caution is growing ahead of US’s December rate meeting, despite a highly-anticipated rate hike, shown by overnight trading, and Shanghai market will see weak trading on Wednesday,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2016-12-14)

Copper: 46,200-46,800 yuan per tonne
Aluminum: 12,920-13,120 yuan per tonne
Lead: 20,200-20,700 yuan per tonne
Zinc: 22,300-22,750 yuan per tonne
Tin: 146,000-149,000 yuan per tonne 
Nickel: 93,000-96,200 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.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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