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SMM Price Outlook for Base Metals on SHFE (Mar. 22, 2017)
Mar 22,2017 09:31CST
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Source: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.

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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