SMM Price Outlook for Base Metals on SHFE (Mar. 30, 2017)

Published: Mar 30, 2017 09:15 (GMT+8)

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Base metals, after some advanced above the key resistance level overnight, are expected to diverge on Thursday due to technical resistance.

SHANGHAI, Mar. 30 (SMM) – Base metals, after some advanced above the key resistance level overnight, are expected to diverge on Thursday due to technical resistance.

Key Macroeconomic Indicators for Base Metal Prices (2017-3-30)

Product	Price Range
Copper	47,400-47,800
Aluminum	13,700-13,940
Lead	17,350-17,950
Zinc	23,300-23,700
Tin	142,000-145,000
Nickel	82,500-85,000

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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