SMM Price Outlook for Base Metals on SHFE (Mar. 10, 2017)

Published: Mar 10, 2017 09:18

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Overnight, base metals largely closed lower, and on Friday, the reading of US nonfarm payrolls for February will be closely watched.

SHANGHAI, Mar. 10 (SMM) – Overnight, base metals largely closed lower, and on Friday, the reading of US nonfarm payrolls for February will be closely watched.

Key Macroeconomic Indicators for Base Metal Prices (2017-3-10)

Product	Price Range
Copper	46,000-46,500
Aluminum	13,550-13,850
Lead	17,500-18,200
Zinc	21,650-21,950
Tin	140,000-143,000
Nickel	83,600-85,200

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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