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Home / Metal News / SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

SMM Price Outlook for Base Metals on SHFE (Apr. 20, 2017)

iconApr 20, 2017 09:07
Source: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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