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SMM Price Outlook for Base Metals on SHFE (Mar. 7, 2017)

iconMar 7, 2017 09:12
Source:SMM
Tuesday will be a light calendar day, and in overnight trading, all base metals, excluding nickel, dropped to a recent low, and some markets will likely see price rallies on Tuesday.  

SHANGHAI, Mar. 7 (SMM) – Tuesday will be a light calendar day, and in overnight trading, all base metals, excluding nickel, dropped to a recent low, and some markets will likely see price rallies on Tuesday.  

Key Macroeconomic Indicators for Base Metal Prices (2017-3-7)

Product

Price Range

Copper

47,350-47,800

Aluminum

13,750-14,000

Lead

17,800-18,450

Zinc

22,300-22,700

Tin

144,000-146,000

Nickel

90,800-92,200

Unit: yuan/tonne

Source: SMM

Note: Prices all above are for most-actively traded contract on the SHFE.

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