Price Divergence to Accelerate after Dollar Keeps Strengthening, SMM Says

SHANGHAI, Feb. 14 (SMM) – Base metal prices on the SHFE are expected to keep diverging on Tuesday, Shanghai Metals Market predicts. 

“The US dollar is expected to keep advancing, and price divergence among base metals is expected to be accelerating,” SMM says.

Key Macroeconomic Indicators for Base Metal Prices (2017-2-14)

Copper: 49,300-50,000 yuan per tonne
Aluminum: 14,000-14,250 yuan per tonne
Lead: 19,500-20,000 yuan per tonne
Zinc: 23,500-23,950 yuan per tonne
Tin: 148,500-151,000 yuan per tonne
Nickel: 88,200-90,000 yuan per tonne

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

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