SHANGHAI, Jan. 8 (SMM) – Base metal prices on the SHFE are expected to face pressures from the plunge in China’s stock market, Shanghai Metals Market foresees.
“Investors now eye on trading in China’s stock market after the plunge, and Shanghai base metal market will be also affected,” SMM says.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-8)
Copper: 35,600-36,100 yuan per tonne
Aluminum: 10,520-10,818 yuan per tonne
Lead: 12,840-13,040 yuan per tonne
Zinc: 12,750-12,950 yuan per tonne
Tin: 91,500-92,500 yuan per tonne
Nickel: 67,000-69,000 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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