SMM Price Outlook for Base Metals on SHFE (Feb. 21, 2017)

Published: Feb 21, 2017 09:17

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Base metal prices overnight strengthened after fluctuating for several days, and whether or not the gain will be sustainable remains to be seen.

SHANGHAI, Feb. 21 (SMM) – Base metal prices overnight strengthened after fluctuating for several days, and whether or not the gain will be sustainable remains to be seen. Base metal prices on the SHFE are expected to diverge on Tuesday, with price outlook as below.

Key Macroeconomic Indicators for Base Metal Prices (2017-2-21)

Product	Price Range
Copper	48,600-49,200
Aluminum	14,250-14,500
Lead	18,800-19,500
Zinc	23,300-23,700
Tin	147,000-150,000
Nickel	91,600-93,100

Unit: yuan/tonne

Source: SMM

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

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