SHANGHAI, Jun. 7 (SMM) –SHFE base metals prices will get little rising impetus, despite a weaker US dollar, with strong resistance at moving averages, SMM says.
Base metals will diverge from each other, SMM added.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-7)
Copper: 35,850-36,150 yuan per tonne
Aluminum: 11,710-11,900 yuan per tonne
Lead: 12,700-12,850 yuan per tonne
Zinc: 15,750-15,950 yuan per tonne
Tin: 108,000-109,500 yuan per tonne
Nickel: 68,000-69,800 yuan per tonne
Note: All prices above are forecasts for most actively-traded contracts on each market.
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