Base Metals to Diverge after US Rate Hike, SMM Says

Dec 15, 2016 09:27

Base metal prices are expected to diverge on Thursday after US’s rate hike decision, Shanghai Metals Market predicts.

SHANGHAI, Dec. 15 (SMM) – Base metal prices are expected to diverge on Thursday after US’s rate hike decision, Shanghai Metals Market predicts.

“The dollar surged as the highly-anticipated rate hike by US’s Federal Reserve came true, and Shanghai prices will feel pressures from a strong dollar to move divergently on Thursday,” SMM says.

Copper: 46,200-46,900 yuan per tonne
Aluminum: 12,800-13,000 yuan per tonne
Lead: 20,200-20,700 yuan per tonne
Zinc: 22,600-23,000 yuan per tonne
Tin: 146,000-149,000 yuan per tonne
Nickel: 93,500-97,000 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

base metal prices

base metal price forecast

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Base Metals to Diverge after US Rate Hike, SMM Says

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025