SMM Price Outlook for Base Metals on SHFE (Mar. 6, 2017)

Published: Mar 6, 2017 09:09

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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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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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