SHANGHAI, Jun. 15 (SMM) – Base metals finished mixed on Wednesday’s night trading, and the struggles between longs and shorts are expected to be continuing on Thursday. Market will digest US’s Fed rate hike decision, and eyes should be also on UK’s rate decision.
SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jun. 12-16, 2017)
|
Product |
Price Range |
|
Copper |
45,450-45,750 |
|
Aluminum |
13,450-13,650 |
|
Lead |
16,900-17,250 |
|
Zinc |
20,800-21,200 |
|
Tin |
144,000-146,000 |
|
Nickel |
72,400-73,600 |
Unit: yuan/tonne
Source: SMM
Key Macroeconomic Indicators for Base Metal Prices (2017-6-15)
Note: Prices all above are for most-actively traded contract on the SHFE.
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