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SMM Price Outlook for Base Metals on SHFE (Mar. 6, 2017)
Mar 6,2017 09:09CST
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Source: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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