SHANGHAI, Jan. 26 (SMM) – Trading sentiment on the SHFE is expected to be light as Chinese investors are leaving for the 2017 Chinese New Year holiday, Shanghai Metals Market predicts. 

“The 2017 Chinese New Year holiday Friday is around the corner, and Friday will be the last trading day in China before the holiday. Investors will exit the market for the upcoming holiday, and Shanghai prices will hold largely stable amid light trading sentiment,” SMM says.  

Key Macroeconomic Indicators for Base Metal Prices (2017-1-26)

Copper: 47,400-48,200 yuan per tonne
Aluminum: 13,700-13,900 yuan per tonne
Lead: 18,500-19,000 yuan per tonne
Zinc: 22,700-23,000 yuan per tonne
Tin: 146,000-148,000 yuan per tonne
Nickel: 81,200-83,200 yuan per tonne

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

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