SHANGHAI, May 4 (SMM) – Base metal market will stage price corrections on Wednesday, Shanghai Metals Market foresees.
“The dollar is up, while oil price is down, weighing down the market, and base metal prices will lack the rising strength,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-4)
Copper: 37,100-37,550 yuan per tonne
Aluminum: 12,550-12,700 yuan per tonne
Lead: 13,200-13,350 yuan per tonne
Zinc: 15,050-15,250 yuan per tonne
Tin: 110,500-113,500 yuan per tonne
Nickel: 73,500-75,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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