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Base Metals to Diverge, SMM Says
Feb 6, 2017 09:15Source:SMM
Base metal prices on the SHFE are expected to diverge and trading sentiment is expected to improve gradually after returning from the holiday, Shanghai Metals Market predicts.
SHANGHAI, Feb. 6 (SMM) – Base metal prices on the SHFE are expected to diverge and trading sentiment is expected to improve gradually after returning from the holiday, Shanghai Metals Market predicts.
“Monday will be a light data calendar, and Chinese investors will be gradually returning from the holiday, and base metal prices are expected to diverge,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2017-2-6)
Copper: 46,200-46,800 yuan per tonne
Aluminum: 13,800-14,000 yuan per tonne
Lead: 18,200-18,700 yuan per tonne
Zinc: 22,580-22,800 yuan per tonne
Tin: 144,500-147,000 yuan per tonne
Nickel: 84,800-87,000 yuan per tonne
Note: Prices all above are for most-actively traded contract on the SHFE.
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