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SMM Price Outlook for Base Metals on SHFE (Mar. 30, 2017)
Mar 30, 2017 09:15Source:SMM
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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