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Home / Metal News / Low Dollar to Support Base Metals, SMM Says

Low Dollar to Support Base Metals, SMM Says

iconJan 16, 2017 09:15
Source:SMM
Base metal prices on the SHFE are expected to get support from a low dollar, Shanghai Metals Market predicts.

SHANGHAI, Jan. 16 (SMM) – Base metal prices on the SHFE are expected to get support from a low dollar, Shanghai Metals Market predicts. 

“The dollar now fluctuates at lows, and this will support base metal prices, but with possible declines technically,” SMM says. 

Key Macroeconomic Indicators for Base Metal Prices (2017-1-16)

Copper: 47,700-48,200 yuan per tonne
Aluminum: 13,350-13,550 yuan per tonne
Lead: 18,750-19,150 yuan per tonne
Zinc: 22,700-23,100 yuan per tonne
Tin: 148,500-151,500 yuan per tonne
Nickel: 86,200-88,400 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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