SMM Price Outlook for Base Metals on SHFE (Apr. 18, 2017)

Published: Apr 18, 2017 09:11

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LME market will reopen on Tuesday, and eyes should be price support at lows on Tuesday, both on the LME and SHFE market.

SHANGHAI, Apr. 18 (SMM) – LME market will reopen on Tuesday, and eyes should be price support at lows on Tuesday, both on the LME and SHFE market.

Key Macroeconomic Indicators for Base Metal Prices (2017-4-18)

Product	Price Range
Copper	46,300-46,800
Aluminum	14,200-14,600
Lead	16,300-16,700
Zinc	21,550-22,000
Tin	142,000-144,000
Nickel	80,500-81,600

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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