SMM Price Outlook for Base Metals on SHFE (Apr. 17, 2017)

Published: Apr 17, 2017 09:14 (GMT+8)

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LME market will remain closed on Monday for the Easter, and base metals, after staging volatile movements last Friday, are expected to keep diverging on Monday.

SHANGHAI, Apr. 17 (SMM) – LME market will remain closed on Monday for the Easter, and base metals, after staging volatile movements last Friday, are expected to keep diverging on Monday, when absence of price direction from LME market.

Key Macroeconomic Indicators for Base Metal Prices (2017-4-17)

Product	Price Range
Copper	46,000-46,500
Aluminum	14,150-15,000
Lead	16,300-16,700
Zinc	21,650-22,000
Tin	140,000-142,000
Nickel	80,400-81,800

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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