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SMM Price Outlook for Base Metals on SHFE (Feb. 27, 2017)
Feb 27, 2017 09:07Base metals on Friday’s night trading advanced across the board, but met big resistance at the upper hand. On Monday, the US will announce a series of economic data, with positive results expected.
SHANGHAI, Feb. 27 (SMM) –Base metals on Friday’s night trading advanced across the board, but met big resistance at the upper hand. On Monday, the US will announce a series of economic data, with positive results expected.
Key Macroeconomic Indicators for Base Metal Prices (2017-2-27)
|
Product |
Price Range |
|
Copper |
47,700-48,300 |
|
Aluminum |
13,700-13,950 |
|
Lead |
18,000-19,000 |
|
Zinc |
23,200-23,300 |
|
Tin |
145,000-147,000 |
|
Nickel |
90,000-91,000 |
Unit: yuan/tonne
Source: SMM
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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