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SMM Price Outlook for Base Metals on SHFE (Feb. 23, 2017)

iconFeb 23, 2017 09:56
Source:SMM
The dollar fell back overnight due to technical pressures, but the support to greenback still exists. Base metals are expected to see range-bound trading.  

SHANGHAI, Feb. 23 (SMM) – The dollar fell back overnight due to technical pressures, but the support to greenback still exists. Base metals are expected to see range-bound trading.  

Key Macroeconomic Indicators for Base Metal Prices (2017-2-23)

Product

Price Range

Copper

48,450-48,950

Aluminum

13,900-14,150

Lead

18,500-19,250

Zinc

23,200-23,600

Tin

145,000-148,000

Nickel

89,000-90,500

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

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