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SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)
Apr 20, 2017 09:07Source:SMM
Base metals overnight largely closed higher, but the struggles between longs and shorts remain intense. On Thursday, the market expected to show range-bound trading.
SHANGHAI, Apr. 20 (SMM) – Base metals overnight largely closed higher, but the struggles between longs and shorts remain intense. On Thursday, the market expected to show range-bound trading.
Key Macroeconomic Indicators for Base Metal Prices (2017-4-20)
|
Product |
Price Range |
|
Copper |
45,300-45,800 |
|
Aluminum |
14,000-14,350 |
|
Lead |
15,500-16,350 |
|
Zinc |
21,000-21,400 |
|
Tin |
140,000-142,000 |
|
Nickel |
78,000-80,000 |
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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