SMM Price Outlook for Base Metals on SHFE (Feb. 27, 2017)

Published: Feb 27, 2017 09:07

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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.

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 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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