SMM Price Outlook for Base Metals on SHFE (May 24, 2017)

Published: May 24, 2017 09:25

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Base metals fell at first before rallying as the dollar gathered rising strength on Tuesday’s night trading.

SHANGHAI, May 24 (SMM) – Base metals fell at first before rallying as the dollar gathered rising strength on Tuesday’s night trading, and price divergence is expected to be continuing on Wednesday.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-24)

Product	Price Range
Copper	45,900-46,150
Aluminum	13,950-14,150
Lead	15,600-16,000
Zinc	22,300-22,700
Tin	Support at 14,4000
Nickel	77,200-78,200

Unit: yuan/tonne

Source: SMM

SMM Weekly Price Outlook for Base Metals on LME and SHFE (May 22-26, 2017)

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

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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