Base Metals to Stabilize, SMM Predicts

SHANGHAI, Jan. 12 (SMM) – Base metal prices on the SHFE are expected to stabilize and diverge on Thursday, Shanghai Metals Market predicts. 

“Base metals overnight fell after rising initially, and on Thursday, Shanghai prices are estimated to stabilize, and with price divergence expected,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2017-1-12)

Copper: 46,200-47,000 yuan per tonne
Aluminum: 12,900-13,100 yuan per tonne
Lead: 18,000-19,000 yuan per tonne
Zinc: 22,300-22,700 yuan per tonne
Tin: 150,000-153,000 yuan per tonne
Nickel: 83,800-86,500 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.