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SMM Price Outlook for Base Metals on SHFE (Mar. 20, 2017)

iconMar 20, 2017 09:14
Source:SMM
Base metals in overnight trading last Friday got support from a low dollar, and caution should be paid to sell-offs.

SHANGHAI, Mar. 20 (SMM) – Base metals in overnight trading last Friday got support from a low dollar, and caution should be paid to sell-offs.

Key Macroeconomic Indicators for Base Metal Prices (2017-3-20)

Product

Price Range

Copper

47,800-48,300

Aluminum

13,650-14,000

Lead

18,350-18,700

Zinc

23,500-23,900

Tin

146,500-148,000

Nickel

84,000-85,600

 

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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