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SMM Price Outlook for Base Metals on SHFE (Feb. 22, 2017)
Feb 22, 2017 09:46Source:SMM
Base metal prices overnight dropped across the board, and the dollar is expected to be strong, and this will weigh on base metals.
SHANGHAI, Feb. 22 (SMM) – Base metal prices overnight dropped across the board, and the dollar is expected to be strong, and this will weigh on base metals. Price declines are expected if losing support at the low-end.
Key Macroeconomic Indicators for Base Metal Prices (2017-2-22)
|
Product |
Price Range |
|
Copper |
48,750-49,250 |
|
Aluminum |
14,150-14,350 |
|
Lead |
18,500-19,200 |
|
Zinc |
23,200-23,600 |
|
Tin |
147,000-150,000 |
|
Nickel |
89,100-91,000 |
Unit: yuan/tonne
Source: SMM
Note: Prices all above are for most-actively traded contract on the SHFE.
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