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SMM Price Outlook for Base Metals on SHFE (Mar. 6, 2017)
Mar 6, 2017 09:09Source:SMM
Market expectation over US Fed’s rate hike in March grew, but the dollar did not strength, but fell instead last Friday. On Monday, base metals are expected to see range-bound trading.
SHANGHAI, Mar. 6 (SMM) – Market expectation over US Fed’s rate hike in March grew, but the dollar did not strength, but fell instead last Friday. On Monday, base metals are expected to see range-bound trading.
Key Macroeconomic Indicators for Base Metal Prices (2017-3-6)
|
Product |
Price Range |
|
Copper |
48,000-48,500 |
|
Aluminum |
13,950-14,150 |
|
Lead |
18,400-18,850 |
|
Zinc |
22,500-22,900 |
|
Tin |
145,000-148,000 |
|
Nickel |
90,500-91,900 |
Unit: yuan/tonne
Source: SMM
Note: Prices all above are for most-actively traded contract on the SHFE.
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