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

Published: May 22, 2017 14:00

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Last week, base metals advanced at first, but then fell back. What's price outlook for this week?

SHANGHAI, May 22 (SMM) – Last week, base metals advanced at first, but then fell back. Precious metals got a boost after the commodity’s appeal as a haven grew following Trump’s biggest crisis of his presidency. Base metals are expected to swing in a wide range this week.

	LME 3-M (USD/mt)	SHFE 3-M (RMB/mt)
Copper	5,485-5,635	44,500-45,650
Aluminum	1,885-1,930	13,800-14,100
Zinc	2,490-2,590	21,000-21,600
Lead	2,020-2,090	15,000-15,500
Tin	19,900-20,600	141,500-146,000
Nickel	8,950-9,250	74,700-77,000

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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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