SHANGHAI, Sep. 23 (SMM) – Base metal prices on the SHFE are expected to diverge again on Friday, Shanghai Metals Market foresees.
“A weak dollar supported base metal prices overnight, and price divergence is expected to return,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-9-23)
Copper: 37,500-37,850 yuan per tonne
Aluminum: 12,350-12,500 yuan per tonne
Lead: 14,450-14,650 yuan per tonne
Zinc: 17,850-18,050 yuan per tonne
Tin: 125,500-127,000 yuan per tonne
Nickel: 81,200-83,200 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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