SMM Price Outlook for Base Metals on SHFE (Mar. 22, 2017)

Published: Mar 22, 2017 09:31

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Recently, the correlation between commodity and the dollar is weakening, and on Wednesday, eyes should be on US’s oil inventory data and February’s existing home sales.

SHANGHAI, Mar. 22 (SMM) – Recently, the correlation between commodity and the dollar is weakening, and on Wednesday, eyes should be on US’s oil inventory data and February’s existing home sales.

Key Macroeconomic Indicators for Base Metal Prices (2017-3-22)

Product	Price Range
Copper	46,750-47,150
Aluminum	13,750-13,950
Lead	18,150-18,500
Zinc	23,100-23,500
Tin	146,000-147,500
Nickel	83,200-84,600

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 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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