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Cautious Trading Advised in Base Metal, SMM Says
Jan 19, 2017 09:11Source:SMM
Investors are advised to take cautious trading attitude in base metals market, Shanghai Metals Market says.
SHANGHAI, Jan. 19 (SMM) – Investors are advised to take cautious trading attitude in base metals market, Shanghai Metals Market says.
“The dollar is strengthening with positive data, and a cautious attitude should be taken in trading due to uncertainties from market news,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2017-1-19)
Copper: 46,200-47,000 yuan per tonne
Aluminum: 13,300-13,550 yuan per tonne
Lead: 18,300-18,600 yuan per tonne
Zinc: 22,400-22,700 yuan per tonne
Tin: 146,800-149,000 yuan per tonne
Nickel: 84,200-86,000 yuan per tonne
Note: Prices all above are for most-actively traded contract on the SHFE.
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