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Home / Metal News / Base Metals to Keep Diverging, SMM Says

Base Metals to Keep Diverging, SMM Says

Jan 20, 2017 09:08

Base metal prices are expected to keep diverging on Friday, Shanghai Metals Market foresees.

SHANGHAI, Jan. 20 (SMM) – Base metal prices are expected to keep diverging on Friday, Shanghai Metals Market foresees.

“The US new president is going to take office, and his speech will be closely watched, and Shanghai base metal prices are expected to keep diverging,” SMM says.

Copper: 46100~47000 yuan per tonne
Aluminum: 13300~13450 yuan per tonne
Lead: 18200-18600 yuan per tonne
Zinc: 22300-22600 yuan per tonne
Tin: 144000-147000 yuan per tonne
Nickel: 81000~84000 yuan per tonne

Note: Prices all above are for most-actively traded contract on the SHFE.

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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.

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