Base Metals to Look for Direction, SMM Says

Jan 3, 2017 09:13

Source:SMM

Base metal prices on the SHFE are expected to trade in search for a direction on the first trading week of 2017, Shanghai Metals Market predicts.

SHANGHAI, Jan. 3 (SMM) – Base metal prices on the SHFE are expected to trade in search for a direction on the first trading week of 2017, Shanghai Metals Market predicts.

“Both longs and shorts will look for a direction during the first trading week of new year, and so base metals are expected to trade in a wide range,” SMM says.

Copper: 45,200-45,800 yuan per tonne
Aluminum: 12,620-12,880 yuan per tonne
Lead: 17,000-18,000 yuan per tonne
Zinc: 20,900-21,300 yuan per tonne
Tin: 145,500-148,000 yuan per tonne
Nickel: 83,500-86,200 yuan per tonne

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

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals

base metal prices

base metal price forecast

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Base Metals to Look for Direction, SMM Says

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025